euro adhoc: Österreichische Post AG
Mergers - Acquisitions - Takeovers /
Austrian Post:
Supervisory Board Unanimously Authorises Management Board to Enter Into Final
Negotiations
to Acquire Minority Stake in BAWAG P.S.K.
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
17.04.2007
In a meeting held on April 17, 2007, the Supervisory Board of Austrian Post unanimously authorised the Management Board to enter into final negotiations regarding the acquisition of a minority stake in BAWAG P.S.K.
In December 2006, Austrian Post was invited by the bidder group led by Cerberus to acquire a minority stake in BAWAG P.S.K., and considers this invitation as an opportunity to make a profitable and value enhancing investment, as well as to proactively promote a jointly developed offensive business strategy in the field of financial services.
At present, Austrian Post currently offers financial services products of BAWAG P.S.K. via its own branch network, for which Austrian Post derived an income amounting to EUR 97min the year 2006. Austrian Post is pursuing the goal of further expanding the financial services offered at its 1,334 company operated branches and 608 post partner offices in Austria.
Vienna, April 17, 2007
end of announcement euro adhoc 17.04.2007 16:32:31
Further inquiry note:
Further inquiry note:
Austrian Post
Investor Relations:
Harald Hagenauer
Tel.: +43(1)515 51-30401
mailto:harald.hagenauer@post.at
Corporate Communications/Public Relations:
Michael Homola
Tel.: +43(1)515 51-32010
mailto:michael.homola@post.at
Branche: Transport
ISIN: AT0000APOST4
WKN: A0JML5
Index: ATX
Börsen: Wiener Börse AG / stock market
Original content of: Österreichische Post AG, transmitted by news aktuell