DGAP-News: ADC publishes February edition of its monthly letter to the shareholders: Sale of Ecobank Zimbabwe contributes EUR 2.75 mio. to year end results ++ Major shareholder Trafigura increases its stake to above 25% ++ Very positive outlook for 2012
(firmenpresse) - DGAP-News: ADC African Development Corporation GmbH&Co. KGaA / Key
word(s): Miscellaneous
ADC publishes February edition of its monthly letter to the
shareholders: Sale of Ecobank Zimbabwe contributes EUR 2.75 mio. to
year end results ++ Major shareholder Trafigura increases its stake to
above 25% ++ Very positive outlook for 2012
10.02.2012 / 10:33
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CORPORATE NEWS
Frankfurt am Main, 10 January 2012
ADC publishes December edition of its monthly letter to the shareholders
Frankfurt am Main, 10 February 2012 - ADC African Development Corporation
(ADC), ISIN DE000A1E8NW9, a fast growing financial services group focusing
on the
frontier markets in sub-Saharan Africa, is pleased to direct your attention
to the current shareholder letter published on ADC's website under the
following link:
http://www.african-development.com/files/20120209_adc_aktion__rsbrief_eng.
pdf
Key take-aways:
__Sale of Ecobank Zimbabwe contributes EUR 2.75 mio. to year end results
__Major shareholder Trafigura increases its stake to above 25%
__Increase of ADC's stake in RSwitch to 88.5% due to conversion of loans
into equity
__Advisory business starts creating additional earnings
Very positive outlook for 2012
ABOUT ADC
ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol:
AZC.GR), was established in September 2007 and quickly positioned itself as
one of the leading investors for banks and insurance companies in the
above-average growth markets of sub-Saharan Africa. The company's success
is primarily due to its local management team, which follows international
best practice principles to further develop banks and implements
conventional international processes to in-crease their profitability. As
the second international emerging market investor in the world, ADC was
integrated into the insurance solution offered by the Multilateral
Investment Guarantee Agency ('MIGA'), a member of the World Bank Group,
primarily due to its strong operational approach and adherence to the
highest ethical standards. This insurance offers protection against a
variety of political risks, in particular the risk of radical political
change.
Contact:
Investor Relations
investor-relations(at)african-development.com
T +49 69 719 12 80 119
End of Corporate News
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ADC African Development Corporation GmbH&Co. KGaA
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 69 719 12 80 00
Fax: +49 69 719 12 80 011
E-mail: info(at)african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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156255 10.02.2012
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