DGAP-News: ARAGON AG: Management Buyout
(firmenpresse) - DGAP-News: ARAGON AG / Key word(s): Miscellaneous
ARAGON AG: Management Buyout
11.10.2012 / 07:00
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Management Buyout at Aragon
- Holding Company of the Top-Management buys out Shares of ABL Group and
becomes strongest shareholder
- Dr. Herbert Walter New President of the Supervisory Board
Aragon AG, one of the leading financial services companies in the German
speaking markets, has a new cornerstone shareholder. A new holding company
owned by the board members Dr. Sebastian Grabmaier and Ralph Konrad
acquires 40.7 percent of the share capital of Aragon from Angermayer, Brumm
und Lange Unternehmensgruppe GmbH (ABL Group).
The buy-out of Aragon AG out of ABL Group is due to the fact that synergies
between the financial services business of Aragon and the capital markets
and asset management activities of ABL Group were scarce. The acquisition
of the shares by the newly founded Aragon Holding GmbH is under the
condition of approval of the different regulatory authorities amongst
others, but is to be executed by the end of this year.
In the wake of the change of ownership, Aragon AG will elect a new
President of the Supervisory Board. Dr. Herbert Walter, management
consultant and former CEO of Dresdner Bank will become Chairman of the
Supervisory Board. Well-known capital markets attorney Dr. Christian Waigel
will be Vice-Chairman.
'Notwithstanding the challanging market environment, we are convinced that
Aragon is a very attractive investment', said Aragon CEO Dr. Sebastian
Grabmaier. 'With our buyout, we are giving strong proof of our long term
committment. We are very confident that due to our concentration on core
activities and cost-cutting measures already in place, we will lead our
corporation back to former profitability.'
Press contact
Folker Dries
HERING SCHUPPENER
Unternehmensberatung für Kommunikation GmbH
Mobil +49.151.16 23 15 56
Mail fdries(at)heringschuppener.com
About Aragon AG
Aragon AG is a broadly diversified financial services group with two
operating segments, Broker Pools and Financial Consulting, and an operating
Holding division. Within its segments, Aragon AG operates in the market
with several independently acting subsidiaries. The aim is to integrate
various sales models under one roof without infringing on the identity of
each individual sales operation. This leads to broad diversification across
numerous asset classes and distribution channels and, as a result, ensures
high earnings stability. Further information about the company and its
subsidiaries can be found at www.aragon.ag.
Contact:
Ralf Funke
Investor Relations
Tel.: +49(0)611 890 575-0
Fax: +49(0)611 890 575-99
E-Mail: ir(at)aragon.ag
End of Corporate News
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188378 11.10.2012
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Unternehmensinformation / Kurzprofil:
Datum: 11.10.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 191443
Anzahl Zeichen: 3163
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Kategorie:
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