Ad-hoc | 16 June 2015 17:39
MLP AG / Key word(s): Mergers & Acquisitions/Capital Increase
16.06.2015 17:39
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement
MLP acquires DOMCURA Group - targeted expansion of a further business
segment
MLP AG signed a contract to acquire the DOMCURA Group today. The purchase
price for 100 percent of shares is EUR 18 million. EUR 12 million thereof
will be paid in cash. The remaining sum of EUR 6 million is settled through
issuing new MLP shares as a capital increase against contributions in kind.
As a result, the share capital of MLP AG will increase slightly by 1.35 per
cent to EUR 109,334,686.
With this step the MLP Group is entering a further, strategically relevant
business segment. As an underwriting agency, the DOMCURA Group draws up,
develops and realises comprehensive coverage concepts from the entire
marketplace in the field of non-life insurance, which are currently used by
around 5,000 market participants. DOMCURA will continue and significantly
expand this successful business model. At the same time, there is
considerable potential arising from the synergies with the existing MLP
business, in particular in terms of process management.
In the financial year 2014, the DOMCURA Group generated revenue of around
EUR 60 million and earnings before interest and tax (EBIT) of EUR 1.7
million. A positive earnings contribution is also anticipated for 2015. As
of January 1, 2015, MLP is entitled to a share in profits for 100 per cent
of the shares.
The capital increase will take place within the scope of the authorised
capital under exclusion of subscription rights. The transaction is subject
to approval by the cartel authorities.
16.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: MLP AG
Alte Heerstraße 40
69168 Wiesloch
Germany
Phone: +49 (0)6222-308-8320
Fax: +49 (0)6222-308-1131
E-mail: investorrelations@mlp.de
Internet: www.mlp-ag.de
ISIN: DE0006569908
WKN: 656990
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich; Terminbörse EUREX
End of Announcement DGAP News-Service
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