DGAP-News: Baader Bank AG: Baader Bank continues to expand its institutional brokerage business and agrees to a friendly takeover of the Swiss brokerage house Helvea
(firmenpresse) - DGAP-News: Baader Bank AG / Key word(s): Acquisition/Mergers&Acquisitions
Baader Bank AG: Baader Bank continues to expand its institutional
brokerage business and agrees to a friendly takeover of the Swiss
brokerage house Helvea
30.11.2012 / 19:39
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Unterschleissheim, 30 November 2012
Baader Bank continues to expand its institutional brokerage business and
agrees to a friendly takeover of the Swiss brokerage house Helvea
Baader Bank has reached agreement with the management and the majority of
shareholders on the friendly takeover of Helvea Holding SA ('Helvea'),
headquartered in Geneva, thus continuing the expansion of its institutional
equities platform. Helvea is the largest independent Swiss equities broker,
with a focus on domestic equities and operations in Geneva, Zurich, London,
New York, and Montreal. A corresponding agreement with the aim to take over
100% of the company's outstanding share capital has been signed today in
Unterschleissheim. By this acquisition Baader Bank is following up on its
strategic objective of complementing its current spectrum of services.
'With this takeover, we are continuing the expansion of our institutional
equities business' explains Nico Baader, member of the Board of Managing
Directors responsible for capital markets.
Based on their strong regional focus - Germany and Austria at Baader Bank,
and Switzerland at Helvea - and their respective client bases, the
consecutive integration of the two firms forms a highly capable and well
positioned broker in the Germany, Austria and Switzerland (GAS) region.
'Helvea is the ideal addition to our Corporates&Markets department, which
we established in 2010 under the leadership of Christian Bacherl and Oliver
Riedel. Upon Helvea's integration some 110 employees will be servicing our
joint customer base with a complementary and enlarged product offering. We
are excited about our new colleagues, their capabilities and their high
degree of acceptance with institutional clients,' says Baader. 'With Baader
Bank, we've found a strong, reliable partner with an identical business
strategy and set of beliefs as our firm,' adds Patrick Rosenberg, CEO of
Helvea.
Following the merger, customers of both companies will benefit from
expanded research coverage in Germany, Austria, and Switzerland. In the
future, roughly 220 companies from the GAS region will be continuously
covered by the team of analysts. With its international branches, Helvea is
one of the most capable market participants in the Swiss equities segment,
and thus augments the existing sales network to institutional investors
through a number of important centres. Finally, the use of Baader Bank's
technical trading infrastructure is expected to yield substantial cost
synergies.
The takeover is scheduled to be completed by the end of the first quarter
of 2013, subject, inter alia, to approval by the supervisory authorities
and other customary transaction-related reservations.
The parties have agreed not to disclose the purchase price.
About Baader Bank:
Baader Bank is one of Germany's leading investment banks and the market
leader in trading of financial instruments. In investment banking, it
develops financing solutions for companies in German-speaking countries.
The bank offers institutional investors comprehensive services in marketing
and trading of equities, bonds, and derivatives. As a market
maker/specialist, Baader Bank is responsible for pricing more than 700,000
exchange-traded and OTC securities.
Press contact:
Horst Bertram
Baader Bank AG
+49 89 5150 1882 (Office)
+49 151 40 266 202 (Mobile)
horst.bertram(at)baaderbank.de
www.baaderbank.com
About Helvea:
Helvea is an independent, research-based brokerage business focused solely
on servicing institutional clients worldwide. The Company provides a
personalised service combining primary research, investment advice, trading
and sales trading as well as execution to institutional investors worldwide
investing in Swiss and international equities. Helvea's primary focus is on
Swiss equities and the coverage of specific European peers through its
sector-focused, pan-European approach. With more than 20 years of
experience, Helvea holds a leading position in the institutional brokerage
industry in Switzerland.
Press contact:
Andreas Hildenbrand
Lemongrass Communications
+41 44 202 5268 (Office)
+41 79 468 9235 (Mobile)
andreas.hildenbrand(at)lemongrass-communications.com
www.helvea.com
End of Corporate News
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30.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleißheim
Germany
Phone: +49 89 5150 1882
Fax: +49 89 5150 29 1880
E-mail: communications(at)baaderbank.de
Internet: www.baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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195434 30.11.2012
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Datum: 30.11.2012 - 19:39 Uhr
Sprache: Deutsch
News-ID 208634
Anzahl Zeichen: 6632
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Kategorie:
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