DGAP-Adhoc
comdirect bank AG acquires OnVista AG from Boursorama S.A.
comdirect bank AG / Key word(s): Mergers & Acquisitions
09.12.2016 11:28
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement as per
Article 17 MAR (Market Abuse Regulation)
Merger & Acquisitions
comdirect bank AG acquires OnVista AG from Boursorama S.A.
Quickborn, Germany, 09 December 2016. comdirect bank AG (ISIN
DE0005428007*) today signed with Boursorama S.A. the agreement to acquire
its entire shareholding in OnVista AG, domiciled in Frankfurt am Main,
following the resolution of the Board of Managing Directors and the
approval of the Supervisory Board. OnVista AG holds 100% of the shares in
OnVista Bank GmbH and 100% of the shares in OnVista Media GmbH. Both
parties have agreed not to disclose the purchase price. The acquisition is
still subject to the approval of the Banking Supervisory and antitrust
authorities, and is expected to be completed in the first half of the 2017
calendar year.
OnVista AG operates an established online platform for brokerage business
as well as a financial information portal in Germany via its OnVista Bank
GmbH and OnVista Media GmbH subsidiaries. OnVista Bank GmbH currently holds
around 2.1 bn EUR assets under management and has around 90 thousand
customers (as of September 2016), to whom it offers the full product range
in securities trading.
The purchase of OnVista AG supports the growth ambitions of comdirect in
the German online brokerage market. With OnVista Media AG comdirect
aqcuires a leading finance portal in Germany with the aim of poviding a
broader platform for financial information, marketing and for acquisition
of new customers.
Please direct any questions to: Anke Overkamp, Investor Relations,
comdirect bank AG, Pascalkehre 15, 25451 Quickborn, Germany, Tel.: +49 (0)4
106 704 1966, Fax: +49 (0)4106 704 1969, Email:
investorrelations@comdirect.de
* Admitted for trading on the regulated market of the Frankfurt Stock
Exchange
End of ad hoc announcement
09.12.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: comdirect bank AG
Pascalkehre 15
25451 Quickborn
Germany
Phone: + 49 (0) 4106/704-0
Fax: + 49 (0) 4106/708-2580
E-mail: info@comdirect.de
Internet: www.comdirect.de
ISIN: DE0005428007
WKN: 542800
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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Article 17 MAR (Market Abuse Regulation)
Merger & Acquisitions
comdirect bank AG acquires OnVista AG from Boursorama S.A.
Quickborn, Germany, 09 December 2016. comdirect bank AG (ISIN
DE0005428007*) today signed with Boursorama S.A. the agreement to acquire
its entire shareholding in OnVista AG, domiciled in Frankfurt am Main,
following the resolution of the Board of Managing Directors and the
approval of the Supervisory Board. OnVista AG holds 100% of the shares in
OnVista Bank GmbH and 100% of the shares in OnVista Media GmbH. Both
parties have agreed not to disclose the purchase price. The acquisition is
still subject to the approval of the Banking Supervisory and antitrust
authorities, and is expected to be completed in the first half of the 2017
calendar year.
OnVista AG operates an established online platform for brokerage business
as well as a financial information portal in Germany via its OnVista Bank
GmbH and OnVista Media GmbH subsidiaries. OnVista Bank GmbH currently holds
around 2.1 bn EUR assets under management and has around 90 thousand
customers (as of September 2016), to whom it offers the full product range
in securities trading.
The purchase of OnVista AG supports the growth ambitions of comdirect in
the German online brokerage market. With OnVista Media AG comdirect
aqcuires a leading finance portal in Germany with the aim of poviding a
broader platform for financial information, marketing and for acquisition
of new customers.
Please direct any questions to: Anke Overkamp, Investor Relations,
comdirect bank AG, Pascalkehre 15, 25451 Quickborn, Germany, Tel.: +49 (0)4
106 704 1966, Fax: +49 (0)4106 704 1969, Email:
investorrelations@comdirect.de
* Admitted for trading on the regulated market of the Frankfurt Stock
Exchange
End of ad hoc announcement
09.12.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: comdirect bank AG
Pascalkehre 15
25451 Quickborn
Germany
Phone: + 49 (0) 4106/704-0
Fax: + 49 (0) 4106/708-2580
E-mail: info@comdirect.de
Internet: www.comdirect.de
ISIN: DE0005428007
WKN: 542800
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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