Ad Hoc: Corporate Communications vom 31.07.2014
(Ad Hoc:) HypoVereinsbank (UniCredit Bank AG) and BNP Paribas reach an agreement on the sale of a majority interest in DAB Bank
Munich, July 31, 2014.
The Management Board of DAB Bank AG (WKN: 507230), Munich, has just been informed by HypoVereinsbank (UniCredit Bank AG), Munich, that the Management Board of HypoVereinsbank has reached an agreement with BNP Paribas on the sale of its 81.4 % equity stake in DAB Bank AG. A price of EUR 4.78 per share was agreed. Thus, HypoVereinsbank's investment is valued at around EUR 354 million.
The Supervisory Board of HypoVereinsbank must still approve the transaction. The closing of the transaction is pending, subject to the approval of the competent authorities, particularly the German Federal Financial Services Supervisory Office (BaFin) and the cartel authorities.
Based on the information conveyed to it, the Management Board of DAB Bank AG takes a generally positive view of this acquisition. If the intended transaction comes to fruition and, as a consequence, a public takeover bid is presented, the competent corporate bodies will study the contents of such a bid and issue a statement, in accordance with the provisions of law.
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