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RNS - Varengold Bank AG: Reduction of participation in Hanseatic Brokerhouse Securities AG

Company: Varengold Bank AG Date: 2014-10-17 Language: English Register to download

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 News Details

Corporate | 17 October 2014 15:38

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Varengold Bank AG: Reduction of participation in Hanseatic Brokerhouse Securities AG

**Varengold Bank AG  / Key word(s): Investment/Miscellaneous**

17.10.2014 15:38

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Hamburg, October 17th, 2014 -Varengold Bank AG (WKN 547 930) reduces its
100 percent stake in Hanseatic Brokerhouse Securities AG for strategic
reasons about 25 percent to 75 percent.
The connection with the Hanseatic Brokerhouse Securities AG remains as a
central pillar in the business branch Capital-Markets-Brokerage and will
further accelerate the expansion of the private banking business in this
division. Both companies continue to benefit greatly from the close,
inter-company cooperation.


17.10.2014 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:      Varengold Bank AG
              Große Elbstraße 27
              22767 Hamburg
              Germany
Phone:        +49 (0)40 / 668649-0
Fax:          +49 (0)40 / 668649-49
E-mail:       info@varengold.de
Internet:     www.varengold.de
ISIN:         DE0005479307
WKN:          547930
Listed:       Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
              Open Market (Entry Standard)
 
End of Announcement                             DGAP News-Service
 
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