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OVB Spain to become a stock corporation (news with additional features)

DGAP-News: OVB Holding AG / Key word(s): Miscellaneous/Miscellaneous
OVB Spain to become a stock corporation (news with additional
features)

17.12.2014 / 10:38

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OVB Spain to become a stock corporation

- Transformation of OVB Allfinanz España S.L. into a stock corporation
- Change in legal form reflects extremely positive business performance

Cologne, 17 December 2014 - OVB Allfinanz España S.L., an operating Group
company of the European financial service provider OVB Holding AG, will be
trading as OVB Allfinanz España S.A. in future. Its transformation into a
stock corporation will take legal effect from the time of its entry in the
commercial register at the start of 2015.

"The new legal form reflects the success story of OVB Spain, which has been
ongoing for more than a decade, and is a long-planned step towards a
corporate structure in line with the company's size and market
positioning," said Michael Rentmeister, CEO of the parent company OVB
Holding AG. "This step also means more flexibility for the further growth
and future development of the company."

OVB Allfinanz España S.L. was founded in 2002 and has been expanding
successfully and systematically since then. OVB is virtually unrivalled in
Spain with its business model of comprehensive financial consulting. The
company's operating performance has been extremely positive in recent
years. OVB expects to almost double its sales in Spain in the 2014
financial year. "Even in a sometimes challenging market environment, we
have proved that OVB services offer our Spanish customers genuine value
added. Now we have chosen a legal form for our Spanish operating subsidiary
that matches our aspiration of becoming the market leader in Spain,"
continued Rentmeister.

As before, the three-person Advisory Board of OVB Allfinanz España S.A.
will consist of Michael Rentmeister, Mario Freis, member of the Executive
Board of OVB Holding AG, and Harald Ortner, who is also still in charge of
operating business.

About the OVB Group
The OVB Group, with its holding company headquartered in Cologne, is one of
Europe's leading financial service providers. Since being founded in 1970,
OVB's business activities have focused on comprehensive consulting for
private households. OVB works with more than 100 high-performance providers
and uses competitive products to serve its clients' individual needs for
retirement provision, asset and proberty protection as well a asset
generation and wealth management. OVB currently operates in a total of 14
countries. Around 5,200 full-time financial consultants currently advise
approximately 3.2 million clients. In 2013, OVB Holding AG and its
subsidiaries generated total sales commission of EUR204.8 million and EBIT
of EUR10.2 million. OVB Holding AG has been listed on the Frankfurt Stock
Exchange (Prime Standard, ISIN DE0006286560) since July 2006.



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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=NVMAGIWSHF
Document title: OVB Press Release 17/12/2014

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17.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: OVB Holding AG
Heumarkt 1
50667 Köln
Germany
Phone: [phone] - 0
Fax: [phone] - 264
E-mail: [e-mail]
Internet: www.ovb.ag
ISIN: DE0006286560
WKN: 628656
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart


End of News DGAP News-Service
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