Sydbank A/S
Acquisition of Sydinvest Administration A/S
Sydbank A/S 18.02.2015 16:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Aabenraa, Denmark, 2015-02-18 16:00 CET (GLOBE NEWSWIRE) -- Sydbank has entered into a conditional agreement to acquire Sydinvest Administration A/S, the investment management company of the investment fund Investeringsforeningen Sydinvest and several other funds that are also the current owners of Sydinvest Administration A/S. The price of the company's total share capital has been agreed at DKK 45.38m, comprising the company's equity as well as goodwill amounting to DKK 5.35m. The acquisition is subject to the approval of the unit-holders of the funds at the General Meetings scheduled for 23 March 2015. Moreover the acquisition is subject to the approval of the Danish Financial Supervisory Authority. The Board of Directors of the funds recommends that their unit-holders approve the sale of Sydinvest Administration A/S to Sydbank. According to the intentions of Sydbank, Sydinvest Administration A/S will continue its operations as a management company for the funds as an independent subsidiary of the Bank. News Source: NASDAQ OMX 18.02.2015 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: Sydbank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010311471 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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