EANS-Adhoc: C-QUADRAT streamlines corporate group structure
19.04.2018 – 11:32
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Strategic Management Decisions 19.04.2018 Vienna/Frankfurt - The Management Board of C-QUADRAT Investment AG (ISIN AT0000613005) intends to streamline the existing corporate Group structure. It is intended to clearly separate the C-QUADRAT asset management units within the Group and to position them more clearly for the market, thereby achieving a stronger focus of these units on their business activities under the umbrella of C-QUADRAT Investment AG as a holding company. Specifically, it is planned to spin off the business operations of C-QUADRAT Wealth Management GmbH (formerly: C-QUADRAT Kapitalanlage AG) to ARTS Asset Management GmbH, in which the company holds a 45% stake. In return, societal profit participation rights ("sozietäre Genussrechte") will be granted to the company instead of additional company shares. The remaining residual assets of C-QUADRAT Wealth Management GmbH are to be merged with C-QUADRAT Asset Management GmbH, in which the company holds a 74.9% stake. In the medium term, these measures should lead to cost synergies, particularly in the areas of management and administration, due to the reduction of a group company and the saving of an additional regulatory license. The implementation of the planned restructuring is subject to the conditions precedent of approval of the supervisory board of C-QUADRAT Investment AG as well as the authorization from the Austrian Financial Market Authority. The Management Board currently assumes that the corporate restructuring described above can be completed by autumn 2018. Further inquiry note: Andreas Wimmer Schottenfeldgasse 20 A-1070 Vienna Tel.: +43 1 515 66 316 Email: 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