MLP SE

M&A Activity • Jun 17, 2005

News Details

Ad-hoc | 17 June 2005 08:23

MLP AG: MLP successfully divests its insurance subsidiaries

Ad hoc announcement §15 WpHG Mergers & Aquisitions MLP AG: MLP successfully divests its insurance subsidiaries Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— MLP successfully divests its insurance subsidiaries MLP AG will be selling both of its insurance subsidiaries as per 30th June 2005. The MLP Lebensversicherung AG is to be taken over by the British company Clerical Medical International Holdings BV and the Cologne-based Gothaer Group is to acquire the MLP Versicherung AG. The MLP AG supervisory board approved the sale of both companies earlier today. The agreements are subject to regulatory and anti-trust approvals as well as the Gothaer Group supervisory board. The consideration for the insurance subsidiaries amounts to around EUR 325 million of which some EUR 14 million will be realised for the divestment of MLP Versicherung AG. EUR 40 million of this amount depend on the business development of MLP Lebensversicherung AG from 2005 to 2008. MLP has a further potential upside of EUR 15 million for premium increases of its existing book of business of MLP Lebensversicherung AG. Press contact: Jan Berg Tel. +49 (62 21) 3 08 – 45 95 Fax +49 (62 21) 3 08 – 11 31 Investor relations contact: Andreas Dittmar Tel. +49 (62 21) 3 08 – 22 72 Fax +49 (62 21) 3 08 – 11 31 MLP AG Forum 7 69126 Heidelberg Deutschland ISIN: DE0006569908 (MDAX) WKN: 656990 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Hannover und München; EUREX End of ad hoc announcement (c)DGAP 17.06.2005 170823 Jun 05