Arcandor AG
Karstadt Quelle AG english
Strategic partnership between KarstadtQuelle and ERGO Versicherungsgruppe
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Strategic partnership between KarstadtQuelle and ERGO Versicherungsgruppe
KarstadtQuelle AG, Essen, and ERGO Versicherungsgruppe AG, Düsseldorf,
are to join forces in the financial services segment.
The partners each hold 50 % of the shares in the joint venture KarstadtQuelle
Financial Services GmbH. The joint venture, designed as a marketing and sales
company, will offer an extensive range of attractive insurance, financial
and banking products in a multi-channel approach.
ERGO Versicherungsgruppe AG will contribute 45 % of the shares in Quelle
Versicherungen Holding Beteiligungs GmbH to KarstadtQuelle Financial Services
GmbH, Fürth, and KarstadtQuelle AG will contribute its 100 % holding in
KarstadtQuelle Bank GmbH, Neu-Isenburg.
Essen, 13 March 2002
Executive Board
end of ad-hoc-announcement (c)DGAP 13.03.2002
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WKN: 627500; ISIN: DE0006275001; Index: MDAX
Listed: Amtlicher Handel in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg,
Hannover, München, Stuttgart
131535 Mär 02
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