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<p align=justify>Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------<p>Ad-hoc-Service of Deutsche Bank, Frankfurt am Main, September 24, 2001<p>Deutsche Bank and Zurich Financial Services have announced today that they have signed a heads of agreement, under which Deutsche Bank intends to acquire 100% of U.S.-based asset manager Zurich Scudder Investments (Scudder) from Zurich Financial Services (Zurich) for the equivalent of USD 2.5 billion. The heads of agreement do not include Scudder`s UK operations, Threadneedle Investments. At the same time, the bank intends to transfer its 75.9% stake in the "Versicherungsholding der Deutschen Bank AG (VHDB)" as well as insurance activities in Italy, Spain and Portugal to Zurich Financial Services. VHDB comprises in particular Deutscher Herold Leben, Deutscher Herold Allgemeine, Bonnfinanz and Bonndata. The heads of agreement established a value for 100% of VHDB, excluding Bonnfinanz, and for 100% of the insurance activities in Italy, Spain and Portugal at EUR 1.5 billion. The heads of agreement also include a broad strategic cooperation between Deutsche Bank and Zurich Group primarily in the fields of insurance distribution, asset management and banking. In this framework, separate negotiations are continuing with regard to Bonnfinanz on price and purchase conditions as well as with regard to the asset management activities of Zurich in Germany and Italy. These transactions are subject to the execution of definitive agreements. Completion will require regulatory approvals, various consents and clearances, and is expected to occur in early 2002.<p><p>end of ad-hoc-announcement (c)DGAP 24.09.2001 -------------------------------------------------------------------------------- WKN: 514000; Index: DAX, EURO STOXX 50 Listed: Amtlicher Handel in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam; Antwerpen; Brüssel; London; Luxemburg; Paris; Tokio; Wien; Swiss Exchange;<p> 240701 Sep 01<p><br><br>Autor: DGAP import (),07:07 24.09.2001</p> |
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| aus der Diskussion: | DGAP-Ad hoc: Deutsche Bank AG <DE0005140008> english = |
| Autor (Datum des Eintrages): | ad_hoc (24.09.01 07:07:11) |
| Beitrag: | 1 von 1 (ID:4484710) |
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