EANS-Adhoc: C-QUADRAT Investment AG
Austrian FMA clears majority takeover by
HNA Group
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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.
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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
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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 von: C-QUADRAT Investment AG, übermittelt durch news aktuell