31.07.2014
DAB Bank AG DE0005072300
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.
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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
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Language: English
Company: DAB Bank AG
Landsberger Straße 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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