DGAP-News

comdirect bank AG: Acquisition of OnVista AG concluded

DGAP-News: comdirect bank AG / Key word(s): Merger comdirect bank AG: Acquisition of OnVista AG concluded 03.04.2017 / 12:24 The issuer is solely responsible for the content of this announcement. comdirect bank AG: Acquisition of OnVista AG concluded

• Growth acquisition: OnVista Bank GmbH and OnVista Media GmbH are part of comdirect group with immediate effect
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• OnVista Bank GmbH still on growth course: 98 thousand customers and EUR2.5bn total assets under management as of end of 2016
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• Merger of OnVista Bank GmbH into comdirect bank AG planned
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• Name OnVista Bank and OnVista Media GmbH with www.onvista.de financial portal are to be continued
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Quickborn, Germany, 3 April 2017. Following approval from the banking supervisory and antitrust authorities, comdirect bank AG has today concluded the full acquisition of OnVista AG from Boursorama S.A., as announced in December 2016. OnVista AG includes online broker OnVista Bank GmbH and OnVista Media GmbH, which operates the www.onvista.de financial portal. "The purchase of OnVista AG is a growth acquisition," says Arno Walter, CEO of comdirect bank AG. "The acquisition lays a good foundation for additional growth and also strengthens our position as the market leader in Germany for brokerage in terms of trade figures."

The merger of OnVista Bank GmbH into comdirect bank AG in the second quarter is the next planned step. The aim is to simplify the structure under corporate law as well as the associated regulatory reporting system. "The merger is above all a formal action. OnVista Bank will be managed in future as a division of comdirect. This means we require only one bank licence instead of two," explains comdirect bank AG CFO Dietmar von Blücher.

The merger has no immediate effect for the customers of OnVista Bank. The name OnVista Bank will be kept on, IBANs and access data will remain the same, and the pricing policies are to be maintained.