Major Shareholding Notification • Sep 9, 2008
Major Shareholding Notification
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Corporate | 9 September 2008 13:42
Aragon AG: ABL Unternehmensgruppe acquires the block of shares in Aragon previously held by HCI amounting to 25% plus one share
ARAGON AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
++ Angermayer, Brumm & Lange Unternehmensgruppe acquires the block of
shares in Aragon previously held by HCI amounting to 25% plus one share
The agreement with HCI Capital AG concluded initially on 19 June 2008
subject to the fulfilment of conditions precedent has come into effect
today. Accordingly, Angermayer, Brumm & Lange Unternehmensgruppe holds
almost 75% of the Aragon AG shares in circulation. Angermayer, Brumm &
Lange Unternehmensgruppe sold the block of shares to HCI Capital in
December 2006 and have now bought it back. An additional 8% of the share
capital of Aragon AG is held by Credit Suisse, the strategic product
partner of the company, and approximately 18% of the shares in stock
exchange-listed Aragon are in free float.
Dr. Sebastian Grabmaier, CEO of Aragon and one of the partners in
Angermayer, Brumm & Lange Unternehmensgruppe, explained the background to
the transaction: 'We consider the financial sales market to be the key
growth market in the financial sector. As a result of various regulatory
amendments, this segment is currently subject to major structural changes.
We believe that modern sales organisations with forward-looking strategies,
such as Aragon AG, will be the winners of these developments. Together with
Aragon AG, Angermayer, Brumm & Lange Unternehmensgruppe intends to be a
driving force of the imminent process of consolidation. Irrespective of the
positioning of HCI Capital AG as a shareholder, we will pursue our close
cooperation in future.'
Tomorrow, Wednesday 10 September, a conference call will be conducted in
German at 11 a.m. (CET) to announce the changes in shareholder structure
and report on additional strategic measures. Journalists interested in
participating should please contact Rainer Brändle, edicto GmbH, tel.: +49
69 90 550 550, [email protected], in order to obtain the necessary
dial-in details.
++ About Aragon AG
Aragon is a broadly diversified financial services company, with the
divisions: Retail Sales, Institutional Sales and Banking & Banking
Services. Aragon is active on the marketplace with multiple independent
subsidiaries. The company’s aim is to integrate various distribution models
under one roof, without disturbing the individual identity of each sales
company. The result is a wide diversification across various asset classes
and distribution types, which generates a high stability in corporate
earnings. Further information about the company and its subsidiaries can be
viewed on the website: www.aragon-ag.de.
Contact:
Aragon Aktiengesellschaft
Achim Pfeffer
Head of Investor Relations
Tel.: +49(0)611 890 575-574
E-Mail: [email protected]
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