EANS-Adhoc: C-QUADRAT Investment AG
C-QUADRAT plans reorganization of its
corporate structure
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Strategic management decisions 23.01.2013 The management board of C-QUADRAT Investment AG and C-QUADRAT Kapitalanlage AG intend to reorganize the company's structure. In view of the increasing focus on individual core competences and tighter regulatory requirements, the management board has judged that, in the medium to long term, it will no longer be economically worthwhile to operate an own management company. For this reason, subject to the approval of the Austrian Financial Market Authority, the custodian bank and the supervisory board it is planned to transfer the funds of C-QUADRAT Kapitalanlage AG to one or more external master management companies and subsequently to relinquish its own license as a management company. As an asset manager C-QUADRAT will thus focus in future on selecting and monitoring sub-delegated, intragroup and external asset managers. This new corporate structure will enable a reduced cost basis and entail significantly lower administrative costs. Implementation of this reorganization is planned during 2013. This measure is intended to strengthen C-QUADRAT's independence as an asset manager, its medium- and long-term competitive position and the company's growth. Further inquiry note: Roland Starha Member of the Board C-QUADRAT Investment AG Stubenring 2 A-1010 Vienna Tel.: +43 1 515 66 317 Mail: ir@c-quadrat.com www.c-quadrat.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: C-QUADRAT Investment AG Stubenring 2 A-1010 Wien phone: +43 1 515 66-0 FAX: +43 1 515 66-159 mail: c-quadrat@investmentfonds.at WWW: www.c-quadrat.at sector: Financial & Business Services ISIN: AT0000613005 indexes: Standard Market Auction stockmarkets: official market: Frankfurt, Wien language: English
Original-Content von: C-QUADRAT Investment AG, übermittelt durch news aktuell