EANS-Adhoc: Correction: C-QUADRAT Investment AG
Austrian FMA clears majority
takeover by HNA Group
22.12.2017 – 16:48
-------------------------------------------------------------------------------- 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 22.12.2017 Vienna/Frankfurt, 22.12.2017 - For the purpose of clarification and in addition to the ad hoc release dated 21.12.2017 C-QUADRAT Investment AG ("C-QUADRAT") (ISIN: AT0000613005) announces the following: The HNA Group (International) Asset Management Co., Limited ("HNA") was informed by the Austrian Financial Market Authority ("FMA") by letter dated 21.12.2017 that FMA had no objections against the proposed acquisition of 74.8% of the shares in C-QUADRAT and its supervised Austrian subsidiaries. For the purpose of clarification, it is noted that the release of the FMA does not include the contribution of C-QUADRAT Shares to Cubic (London) Limited ("Cubic") by HNA and the core shareholders as mentioned in the ad hoc release dated 21.12.2017. This step is subject of a separate procedure conducted by FMA. The transaction is therefore dependent not only on the release by the Armenian Central Bank (CBA) but also on further release by FMA. original announcement: -------------------------------------------------------------------------------- EANS-Adhoc: C-QUADRAT Investment AG / Austrian FMA clears majority takeover by HNA Group 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). 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 original announcement euro adhoc -------------------------------------------------------------------------------- Further inquiry note: 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 von: C-QUADRAT Investment AG, übermittelt durch news aktuell