Hypoport SE
Hypoport acquires NKK Programm Service AG
Hypoport AG / Key word(s): Takeover 07.06.2016 16:05 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. --------------------------------------------------------------------------- Ad-hoc disclosure pursuant to section 15 of the German Securities Trading Act (WpHG) Hypoport acquires NKK Programm Service AG. Berlin, 7 June 2016: Hypoport InsurTech GmbH, a wholly-owned subsidiary of Hypoport AG, has today signed a sales and purchase agreement for the acquisition of 100 per cent of the shares in NKK Programm Service AG. Execution of the contract is subject to the condition precedent of approval by NKK's decision-making bodies. When the transaction has been completed, Hypoport InsurTech GmbH will pay a cash purchase price for the shares in the low single-digit millions. The transaction is expected to be completed in July 2016 at the latest. By acquiring NKK, the Hypoport Group will strengthen its competitive position in the insurance market for many years to come. The acquisition represents a logical continuation of Hypoport's strategy of growth based on the digitisation of the financial service markets, in this case in the insurance product segment. About Hypoport AG The Hypoport Group is a technology-based financial service provider. The business model is based on its three mutually supporting business units: Private Clients, Financial Service Providers, and Institutional Clients. All three units are engaged in the distribution of financial services, facilitated or supported by finance-technology ('fintech'). As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates the web-based EUROPACE financial marketplace, which is Germany's largest platform for mortgages, building finance products and personal loans. A fully integrated system links more than 350 partners - banks, insurers and financial product distributors. Several thousand users execute some 35.000 transactions worth a total of up to EUR4 billion on EUROPACE every month. The Hypoport subsidiary Dr. Klein & Co. AG is an independent online distributor of financial products. This firm's specialists provide private clients with a full range of advisory services around mortgage finance, insurance and retirement planning. Dr. Klein & Co. AG has been a major financial service partner to housing companies and commercial property investors since 1954. Hypoport AG is headquartered in Berlin, employs more than 500 people and is listed in the Prime Standard of the Frankfurt Stock Exchange. At the end of 2015 Hypoport was admitted to the SDAX. Hypoport AG Michaela Reimann Head of Corporate Communications Tel: +49 (0)30 42086 1936 Fax: +49 (0)30 / 42086-1999 Twitter: www.twitter.com/hypoport Email: ir@hypoport.de www.hypoport.com Key data on Hypoport's shares ISIN DE 0005493365 WKN 549336 Stock exchange symbol HYQ 07.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Hypoport AG Klosterstraße 71 10179 Berlin Germany Phone: +49/30 42086-0 Fax: +49/30 42086-1999 E-mail: ir@hypoport.de Internet: www.hypoport.de ISIN: DE0005493365 WKN: 549336 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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