EQS-Adhoc

Corestate Capital Holding S.A.: Corestate discontinues banking business and returns securities trading bank license

EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Strategic Company Decision/Miscellaneous Corestate Capital Holding S.A.: Corestate discontinues banking business and returns securities trading bank license 27-Sep-2023 / 13:24 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Corestate discontinues banking business and returns securities trading bank license

Luxembourg, 27 September 2023 – As part of the Group's consistent strategic focus on asset management, the Management Board of Corestate Capital Holding S.A. ("Corestate") today decided to discontinue the prudentially regulated business of Corestate Bank GmbH and to initiate the return of its license as a securities trading bank with BaFin. Based on preliminary figures, the remaining goodwill of Corestate Bank GmbH amounted to approximately € 13.1m as of 31 December 2022 after impairment during 2022. In the course of the discontinuation of the bank's operations, this goodwill will be fully impaired.

Notifying person:
Dr. Kai Gregor Klingerx
Chief Markets Officer
T: [phone]
M: [phone]
[e-mail]

 

 

End of Inside Information

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27-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Corestate Capital Holding S.A.
	4 Rue Jean Monnet
	2180 Luxembourg
	Luxemburg
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.corestate-capital.com
ISIN:	LU1296758029
WKN:	A141J3
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1735873

End of Announcement	EQS News Service

1735873  27-Sep-2023 CET/CEST