DF Deutsche Forfait AG

M&A Activity • Jun 19, 2015

News Details

Ad-hoc | 19 June 2015 10:06

DF Deutsche Forfait AG has sold its subsidiary, Deutsche Kapital Limited

DF Deutsche Forfait AG / Key word(s): Investment

19.06.2015 10:06

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

DF Deutsche Forfait has sold its subsidiary, Deutsche Kapital Limited

• Cooperation with the new owner to launch trade finance funds

Cologne, 19 June 2015 -DF Deutsche Forfait AG (Prime Standard, ISIN:
DE000A14KN88) has sold its wholly owned subsidiary, Deutsche Kapital
Limited, Dubai ("DKL"), to financial holding company Greene & Grays Holding
Limited ("G&G"). G&G is a majority shareholder of Heritage Bank, Nigeria,
whose equity capital and total assets will amount to over USD 300 million
and over USD 2.4 billion, respectively, once the takeover by Enterprise
Bank, Nigeria, is complete. DKL was sold at the net asset value and
generated slight extraordinary income for DF Deutsche Forfait AG.

By selling its subsidiary to G&G, DF Deutsche Forfait AG aims to accelerate
the trade finance funds business with its cooperation partner. The aim is
to establish an additional sales channel for the receivables held by DF
Group. At the same time, the sale of DKL will reduce DF Group's operating
expenses and protect its liquidity in the current restructuring phase.
Moreover, the service agreements for the management of the planned trade
finance funds will open up an additional source of income for DF Group. The
transaction is subject to approval by the Dubai Financial Services
Authority (DFSA).

DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne

T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de

19.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE000A14KN88, DE000A1R1CC4,
WKN: A14KN8, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of Announcement DGAP News-Service

---