Source: EQS Group AG

July 31, 2014 13:32 ET

DGAP-Adhoc: DAB Bank AG: HypoVereinsbank (UniCredit Bank AG) and BNP Paribas reach an agreement on the sale of a majority interest in DAB Bank

DAB
Bank
AG

/
Key
word(s):
Mergers
&
Acquisitions/Disposal

31.07.2014
19:31

Dissemination
of
an
Ad
hoc
announcement
according
to
§
15
WpHG,
transmitted
by
DGAP
-
a
service
of
EQS
Group
AG.
The
issuer
is
solely
responsible
for
the
content
of
this
announcement.

------

HypoVereinsbank
(UniCredit
Bank
AG)
and
BNP
Paribas
reach
an
agreement
on
the
sale
of
a
majority
interest
in
DAB
Bank

Munich,
July
31,
2014.
The
Management
Board
of
DAB
Bank
AG
(WKN:
507230),
Munich,
has
just
been
informed
by
HypoVereinsbank
(UniCredit
Bank
AG),
Munich,
that
the
Management
Board
of
HypoVereinsbank
has
reached
an
agreement
with
BNP
Paribas
S.A.
on
the
sale
of
its
81.4%%
equity
stake
in
DAB
Bank
AG.
A
price
of
EUR4.78
per
share
was
agreed.
Thus,
HypoVereinsbank's
investment
is
valued
at
around
EUR354
million.

The
Supervisory
Board
of
HypoVereinsbank
must
still
approve
the
transaction.
The
closing
of
the
transaction
is
pending,
subject
to
the
approval
of
the
competent
authorities,
particularly
the
German
Federal
Financial
Services
Supervisory
Office
(BaFin)
and
the
cartel
authorities.

Based
on
the
information
conveyed
to
it,
the
Management
Board
of
DAB
Bank
AG
takes
a
generally
positive
view
of
this
acquisition.
If
the
intended
transaction
comes
to
fruition
and,
as
a
consequence,
a
public
takeover
bid
is
presented,
the
competent
corporate
bodies
will
study
the
contents
of
such
a
bid
and
issue
a
statement,
in
accordance
with
the
provisions
of
law.


Contact:
If
you
have
queries,
please
contact
Carolin
Reiter,
DAB
Bank
AG,
+49
89
500
68
1696
or
[email protected].


31.07.2014
The
DGAP
Distribution
Services
include
Regulatory
Announcements,
Financial/Corporate
News
and
Press
Releases.
Media
archive
at
www.dgap-medientreff.de
and
www.dgap.de

------


Language:




English
Company:





DAB
Bank
AG














Landsberger
StraÃe
300














80687
München














Germany
Phone:







+49
(0)89
500
68
1696
Fax:









+49

(0)89
500
68
669
E-mail:






[email protected]
Internet:




www.dab-bank.de
ISIN:








DE0005072300
WKN:









507230
Listed:






Regulierter
Markt
in
Frankfurt
(Prime
Standard);
Freiverkehr














in
Berlin,
Düsseldorf,
Hamburg,
Hannover,
München,
Stuttgart


End
of
Announcement




























DGAP
News-Service


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