DGAP-News: ARAGON AG: Aragon AG acquires remaining shares in FiNUM.FINANZHAUS
(firmenpresse) - DGAP-News: ARAGON AG / Key word(s): Miscellaneous
ARAGON AG: Aragon AG acquires remaining shares in FiNUM.FINANZHAUS
12.04.2011 / 07:00
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- Aragon AG acquires remaining shares in FiNUM.FINANZHAUS
- Realignment of FiNUM.FINANZHAUS succeeds faster than expected
- Further expansion of premium advisory services planned
Aragon AG, a leading financial services provider in Germany and Austria,
has acquired the remaining 25.1 percent of the shares in FINUM.FINANZHAUS
GmbH from the existing co-shareholder Securess Finanzhaus AG and now owns
all of the shares in the company.
'Thanks to the efforts made by our advisers, the realignment of Finum has
also succeeded fasted than expected. We have taken our first successful
steps in the German mass affluent market - the market for sophisticated
private customers', explained Wulf Schütz, Member of the Management Board
of Aragon AG. 'We have acquired the remaining shares in Finum so that we
can implement our planned growth strategy in the premium segment at great
speed. This will enable us to press ahead with our organic growth by
acquiring further experienced advisers, as well as with our external growth
by making potential acquisitions, without having to agree our plans with
other shareholders.'
Notwithstanding its realignment, FiNUM.FINANZHAUS already generated sales
of around Euro 3 million in just three and a half months from September to
December 2010 in its short financial year. The company also managed to post
clearly positive earnings after taxes following the completion of its
realignment in December 2010. The number of advisors was increased by
around 10% during this time, while customer totals rose over the same
period from around 27,000 to more than 29,000. Of product turnover, around
half is attributable to cash investment products (investment funds,
certificates and closed funds) and half to the insurance business.
Aragon expects Finum to contribute more than Euro 10 million to
consolidated sales in 2011
About Aragon AG
Aragon AG is a broadly diversified financial services group comprising the
business units Broker Pools and Financial Consulting as well as the
business unit Holding, which apart from its share in the Institutional
Sales unit Fundmatrix AG and the Aragon IT Service GmbH also comprises a
minority shares in the biw Bank für Investments und Wertpapiere AG. In the
operative business units, Aragon AG is actively engaged in the market with
several independent subsidiaries. The aim is to integrate a variety of
sales models under one roof without any of the sales teams losing their own
identity. The effect is a broad diversification across various asset
classes and sales types, with a consequently high stability in corporate
earnings. For further information on the company and its subsidiaries,
please visit www.aragon.ag.
About FiNUM.FINANZHAUS GmbH
FiNUM.FINANZHAUS is a financial services provider that specialises in
advising sophisticated private customers. More than 100 experienced
advisors currently support more than 29,000 customers by offering a
comprehensive advisory approach with independent products across all asset
classes. Alongside its headquarters in Cologne, Finum is represented by
around 35 Finum Financial Centres across Germany. Further information about
the company can be found at www.finumfinanzhaus.de
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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12.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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119390 12.04.2011
Datum: 12.04.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 33757
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Kategorie:
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