DGAP-News: ARAGON AG: Aragon sells inpunkto
(firmenpresse) - DGAP-News: ARAGON AG / Key word(s): Disposal
ARAGON AG: Aragon sells inpunkto
17.12.2012 / 12:00
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- Aragon sells inpunkto
- HVP and inpunkto's management acquire 100% of shares in inpunkto
- Aragon presses ahead with focusing on broker pool and premium one-stop
financial consulting segments
Aragon AG, one of the leading financial sales companies in German-speaking
countries, is selling its majority stake in inpunkto AG, Mönchengladbach.
The buyers of 70 percent of the share capital are HVP Hanse
Vertriebspartner AG, Hamburg, a subsidiary of Hanse Merkur Holding AG, and
Alexander Rak, a member of the Management Board and founder of inpunkto. In
future, the company's management and HVP will each own 50% of the shares.
The new shareholders will continue to manage inpunkto as an independent
company and invest further funds in expanding its sales activities. The
overall contractual arrangements are still subject to conditions precedent
that are expected to be met in January.
Aragon had acquired a majority stake in inpunkto in April 2008. The company
subsequently generated very pleasing growth. Due not least to stricter
regulation, however, it has become considerably more difficult to sell
health insurance policies in the recent past.
'By selling inpunkto, we are further maintaining our course of streamlining
our portfolio', commented Dr. Sebastian Grabmaier, CEO of Aragon AG, with
regard to the transaction. 'In future, we will be focusing on our core
investments in the field of one-stop financial services. We already
operated very profitably with this strategy through to 2008 ahead of the
financial crisis.'
Despite this sale, Aragon and inpunkto will nevertheless retain close
links. The two companies have agreed to continue working together in
selling private health insurance policies. Within this cooperation, Ralph
Konrad, CFO at Aragon AG, will join inpunkto's Supervisory Board.
Aragon AG will use the proceeds from the sale to prematurely repay all of
its long-term bank liabilities. The parties have agreed to maintain
confidentiality concerning the purchase price.
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:
Aragon Aktiengesellschaft
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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