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

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

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 DABBankAG/Keyword(s):Mergers&Acquisitions/Disposal 31.07.201419:31 DisseminationofanAdhocannouncementaccordingto§15WpHG,transmitted byDGAP-aserviceofEQSGroupAG. Theissuerissolelyresponsibleforthecontentofthisannouncement. --------------------------------------------------------------------------- HypoVereinsbank(UniCreditBankAG)andBNPParibasreachanagreementon thesaleofamajorityinterestinDABBank Munich,July31,2014.TheManagementBoardofDABBankAG(WKN:507230), Munich,hasjustbeeninformedbyHypoVereinsbank(UniCreditBankAG), Munich,thattheManagementBoardofHypoVereinsbankhasreachedan agreementwithBNPParibasS.A.onthesaleofits81.4%%equitystakein DABBankAG.ApriceofEUR4.78persharewasagreed.Thus, HypoVereinsbank'sinvestmentisvaluedataroundEUR354million. TheSupervisoryBoardofHypoVereinsbankmuststillapprovethe transaction.Theclosingofthetransactionispending,subjecttothe approvalofthecompetentauthorities,particularlytheGermanFederal FinancialServicesSupervisoryOffice(BaFin)andthecartelauthorities. Basedontheinformationconveyedtoit,theManagementBoardofDABBank AGtakesagenerallypositiveviewofthisacquisition.Iftheintended transactioncomestofruitionand,asaconsequence,apublictakeoverbid ispresented,thecompetentcorporatebodieswillstudythecontentsof suchabidandissueastatement,inaccordancewiththeprovisionsoflaw. Contact: Ifyouhavequeries,pleasecontactCarolinReiter,DABBankAG,+4989500 [email protected]. 31.07.2014TheDGAPDistributionServicesincludeRegulatoryAnnouncements, Financial/CorporateNewsandPressReleases. Mediaarchiveatwww.dgap-medientreff.deandwww.dgap.de --------------------------------------------------------------------------- Language:English Company:DABBankAG LandsbergerStraÃe300 80687München Germany Phone:+49(0)89500681696 Fax:+49(0)8950068669 E-mail:[email protected] Internet:www.dab-bank.de ISIN:DE0005072300 WKN:507230 Listed:RegulierterMarktinFrankfurt(PrimeStandard);Freiverkehr inBerlin,Düsseldorf,Hamburg,Hannover,München,Stuttgart EndofAnnouncementDGAPNews-Service ---------------------------------------------------------------------------.

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    2 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us