EANS-Adhoc: C-QUADRAT Investment AG
Austrian FMA clears majority takeover by
HNA Group
21.12.2017 – 22:46
-------------------------------------------------------------------------------- Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers 21.12.2017 Vienna/Frankfurt, 21.12.2017 - With Ad Hoc release dated 03.05.2017, C-QUADRAT Investment AG ("C-QUADRAT") (ISIN: AT0000613005) has announced the conclusion of share purchase agreements for the acquisition of C-QUADRAT shares between C- QUADRAT's core shareholders and HNA Group (International) Asset Management Co., Limited ("HNA") subject to conditions precedent and further that after the regulatory clearance has been granted (i) HNA will contribute the acquired C- QUADRAT shares and (ii) the core shareholders will also contribute their remaining C-QUADRAT shares to Cubic (London) Limited ("Cubic"). Following necessary regulatory releases HNA will hold approximately 74.8% in Cubic and Cubic will hold more than 98% in C-QUADRAT. C-QUADRAT was informed today by HNA that the Austrian Financial Market Authority ("FMA") informed in a letter dated 21.12.2017 that the FMA had no objections to the change in shareholdings notified by Ad Hoc release dated 03.05.2017 and thus against the majority takeover of C-QUADRAT by HNA. Since the releases of the British Financial Conduct Authority (FCA) and the Austrian Financial Market Authority (FMA) are now available, the transaction is only subject to clearance from the Central Bank of Armenia (CBA). Further inquiry note: Mr. Andreas Wimmer Schottenfeldgasse 20 A-1070 Vienna Tel.: +43 1 515 66 316 E-Mail: a.wimmer@investmentfonds.at www.c-quadrat.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: C-QUADRAT Investment AG Schottenfeldgasse 20 A-1070 Wien phone: +43 1 515 66-0 FAX: +43 1 515 66-159 mail: c-quadrat@investmentfonds.at WWW: www.c-quadrat.com ISIN: AT0000613005 indexes: stockmarkets: Frankfurt, Wien language: English
Original content of: C-QUADRAT Investment AG, transmitted by news aktuell