DGAP-News

comdirect bank AG acquires OnVista AG from Boursorama S.A.

DGAP-News: comdirect bank AG / Key word(s): Takeover
comdirect bank AG acquires OnVista AG from Boursorama S.A.

09.12.2016 / 11:31
The issuer is solely responsible for the content of this announcement.

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comdirect bank AG acquires OnVista AG from Boursorama S.A.

- Growth acquisition: OnVista Bank GmbH and OnVista Media GmbH are to
become part of comdirect group

- Purchase strengthens position as leading German online broker in terms
of numbers of trades and creates broader platform for financial
information and marketing

Quickborn, Germany, 9 December 2016. comdirect bank AG today signed an
agreement with Boursorama S.A. 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 comprises an online broker, in the form of OnVista Bank GmbH,
and the www.onvista.de finance portal, in the form of OnVista Media GmbH.

"The purchase of OnVista AG is a growth acquisition," says Arno Walter, CEO
of comdirect bank AG. "With OnVista Bank, we are strengthening our position
as a market leader in the brokerage business in Germany in terms of trade
figures, and are adhering to our strategy of being the first choice in
saving, investing and trading in securities." As of September 2016, OnVista
Bank GmbH holds about EUR2.1bn in assets under management and has around 90
thousand trading-oriented customers, to whom it offers the full product
range in securities trading.

OnVista AG also owns the www.onvista.de finance portal, which provides
comprehensive financial information for active investors and traders, and
is one of Germany's leading finance portals. "onvista.de is an established
brand when it comes to providing information on finance", explains Arno
Walter. "With OnVista Media and our existing products and services, we are
creating an optimal platform for financial information, marketing and new
customer acquisition. This will support our growth ambitions." At present,
the products and services offered by OnVista Bank are closely interlinked
with those of OnVista Media: securities can be traded from onvista.de, for
example.

The 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 2017.

"We are glad to join comdirect group. The two business models are an
excellent fit, creating strong opportunities for OnVista and its clients in
the future," says Ralf Oetting, CEO of OnVista AG. OnVista AG is a
subsidiary of the French company Boursorama S.A., the leading online bank
in France wholly owned by Societe Generale Group.

The comdirect group, which also includes ebase GmbH as well as comdirect
bank AG, has more than three million customers with total assets under
custody of approximately EUR70bn. The company has around 1,300 employees.

Contacts for this press release
Annette Siragusano
Tel. [phone]
Email: [e-mail]

Ullrike Hamer
Tel. [phone]
Email: [e-mail]

Information for editorial teams
All our press releases are available at: www.comdirect.de/presse
Image material is available at: https://www.comdirect.de/cms/ueberuns/de/
presse/presse-fotos.html
Additional figures on comdirect are available at:
https://www.comdirect.de/cms/ueberuns/de/investorrelations/
veroeffentlichungen.html

News about digital trends and innovations in all things finance can be
found on the comdirect Board of Managing Directors blog at www.bank-neu-
denken.de
Follow us on Twitter at https://twitter.com/comdirect or https://
twitter.com/Arno_Walter

If you do not wish to receive any information, please let us know by
writing to [e-mail]


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09.12.2016 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.

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: [e-mail]
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 News DGAP News Service
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528229 09.12.2016