Corporate | 27 February 2007 09:17
ARAGON AG / Miscellaneous/Miscellaneous Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Aragon AG – a broad-based financial services provider with Retail Sales, Institutional Sales and Banking & Banking Services business areas – has bolstered its interest in its subsidiary Fundmatrix AG (www.fundmatrix.de) from 58% to 70.75%. Fundmatrix designs and markets highly professional financial products, such as pension funds, insurance and family offices, to institutional investors. With a portfolio of currently around €600 million, Fundmatrix is Germany's largest independent institutional fund distributor at this time. After Fundmatrix broke even in 2006 in line with planning and posted a positive result for the year, its Board of Management is forecasting a significant rise in pre-tax earnings to at least €1 million in 2007, as a result of which Fundmatrix will also contribute to Aragon's consolidated earnings from 2007. Its earnings momentum is also set to continue over the next few years. 'Fundmatrix has a highly scalable business model, as the figures for 2007 will demonstrate. Fundmatrix also ideally supplements Aragon's other activities. A number of products that are first used in the institutional segment later find their way into the retail areas as well. We are delighted to have increased out interest accordingly,' explained Dr. Sebastian, Grabmaier of the Board of Management of Aragon AG. Contact: Aragon AG Christiane Kriesche Leiterin Marketing & Kommunikation Grüneburgweg 18 60322 Frankfurt Tel.: +49(0)69 713 75 88 17 Fax: +49(0)69 713 75 88 89 E-Mail: christiane.kriesche@aragon-ag.de DGAP 27.02.2007 ----------------------------------------------------------------------