Ad-hoc | 18 September 2006 00:30
MLP acquires majority stake in Feri Finance AG
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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– MLP acquires an equity stake of approx. 56.6 % and secures option to buy
remaining stake
– Purchase price for acquired stake approx. 64.4 million EUR
– Feri partners remain engaged with the company and express long-term
commitment to the Feri-Group
Wiesloch, September 17, 2006 – MLP AG has reached an agreement with the
shareholders of Feri Finance AG to acquire an equity stake of approx. 56.6
% in Germany’s leading independent wealth management company as part of a
move to significantly expand its wealth management business. The purchase
price for the acquired shares is approx. 64.4 million EUR and will be
financed through liquid assets.
At the same time, temporary options exist which could lead to a 100 %
acquisition in 2011. These options enclose a preferential price, that in
addition to a fixed price for the remaining shares amounting to around 47.7
million EUR also includes an additional purchase price that is
significantly dependent on future new business within the financial
investment division. The transaction is subject to approval being granted
by the cartel authority.
All Feri partners will remain engaged with the company and express their
long-term commitment to the Feri Group; however, the Harald Quandt Holding
will transfer their entire shares to MLP AG. Feri Finance AG will continue
to pursue its successful and proven business model under the Feri brand
name, meeting the needs of its clients as a separate and independent
company.
Christian Maertin
Tel. +49 (0) 62 22 3 08 – 43 31
Fax +49 (0) 62 22 3 08 – 11 31
Email: christian.maertin@mlp.de
(c)DGAP 18.09.2006
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Language: English
Issuer: MLP AG
Alte Heerstraße 40
69168 Wiesloch Deutschland
Phone: +49 (0)6222-308-0
Fax: +49 (0)6222-308-8351
E-mail: investorrelations@mlp.de
WWW: www.mlp.de
ISIN: DE0006569908
WKN: 656990
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, Hamburg,
München; Terminbörse EUREX
End of News DGAP News-Service
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