Corporate | 14 November 2007 07:55
ARAGON AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Credit Suisse has taken an 8% stake in the capital stock of Aragon AG. The shares were acquired off-exchange from various institutional investors. In addition to the pure acquisition of the stake, Credit Suisse has also agreed to an operational cooperation with regard to the distribution of Credit Suisse’s product portfolio through Aragon. Dr. Sebastian Grabmaier, CEO of Aragon AG, stated: 'Within the last three years, the Aragon Group has achieved enormous success and many further activities are planned for the forthcoming years. With an equity capital of 40 million Euros, an experienced management team and a proven track record, we see ourselves in a leading position driving the process of the market consolidation, thus – in the long-run – growing into one of the largest independent financial sales organisations in Germany. Also our unique Buy-and-Build-Strategy, based on the acquisition of individual independent sales organisations that subsequently were operated as autonomous units, will play a considerable role to this development. The collaboration with Credit Suisse will be a major support for our further growth.' 'The financial service industry and in particular the sector financial sales, is currently undergoing a structural change. Modern sales organisations with a trendsetting strategy like Aragon will, from our point of view, be the winners of this development. We want to be a part of the further successful growth of Aragon AG as a strategic partner', said Martin Korbmacher, Country Head of Credit Suisse Securities (Europe) Limited in Germany. About Aragon AG Aragon is a broad diversified financial distribution company, with three business units: Retail Sales, Institutional Sales and Banking & Banking Services. Aragon is active on the marketplace with multiple independent subsidiaries and brands. The company’s aim is to integrate various distribution models under one roof, without disturbing the individual identity of each sales company. The result is a wide diversification across various asset classes and distribution types, which generates a high stability in corporate earnings. Further information about the company and its subsidiaries can be viewed on the website: www.aragon-ag.de. Contact: Aragon Aktiengesellschaft Achim Pfeffer Leiter Investor Relations Tel.: +49(0)611 890 575-574 Fax: +49(0)611 890 575-99 E-Mail: achim.pfeffer@aragon-ag.de 14.11.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------