Baader Bank AG — M&A Activity 2002

Dec 23, 2002

News Details

Ad-hoc | 23 December 2002 16:21

Baader Wp.handelsbank AG english

Baader acquires equity stake in Heins & Seitz Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Baader acquires equity stake in Heins & Seitz Unterschleißheim, December 23, 2002 Baader Wertpapierhandelsbank AG has acquired a 50% equity stake in Heins & Seitz Capital Management GmbH, Munich. Heins & Seitz is the leading company in Germany in agency business for debt certificates and subordinated liabilities. Clients are all well-known insurance companies, banks and building societies in Germany, as well as 30 foreign banks. The average arranged volume per year is more than 1,5 bil. Euro. In taking this step, Baader Wertpapierhandelsbank AG is focusing on driving forward the process of concentrating on its core competencies of securities trading, agency business and support for IPOs. The Executive Board ************************* Issued by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Straße 4 85716 Unterschleißheim Germany Tel. +49 (0)89/ 5150-1030 Fax +49 (0)89/ 5150-1111 Nico.Baader@Baaderbank.de www.Baaderbank.de end of ad-hoc-announcement (c)DGAP 23.12.2002 ——————————————————————————– WKN: 508810; ISIN: DE0005088108; Index: SDAX Listed: Amtlicher Markt in Frankfurt (SMAX), Berlin, München, Stuttgart, Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover 231621 Dez 02