DGAP-News: net mobile increases shareholding in BankvereinWerther AG to more than 75 percent
(firmenpresse) - DGAP-News: net mobile AG / Key word(s): Acquisition
net mobile increases shareholding in BankvereinWerther AG to more than
75 percent
22.09.2011 / 08:30
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CORPORATE NEWS
net mobile AG increases shareholding in BankvereinWerther AG to more than
75 percent
net mobile AG (ISIN: DE0008137852), a leading international full-service
provider for mobile and interactive value-added services has entered into
share purchase agreements with major shareholders of Bankverein Werther
AG,Werther. Following the completion of the acquisition of shares and
convertible bonds under these share purchase agreements net mobile AG will
increase its direct participation in Bankverein Werther AG to at least 75 %
of the shares and more than 75 % of the outstanding convertible bonds
issued by Bankverein Werther AG. Regarding the purchase price the parties
have agreed on confidentiality. net mobile AG intends to acquire additional
shares to further increase its stake in Bankverein Werther AG.
Bankverein Werther AG is a retail and commercial bank founded in 1877 with
a full banking licence enabling the bank to operate throughout the EU.
Bankverein Werther AG is a principle member of both MasterCard Europe and
Visa Europe, and is a specialised provider of cards and payments products
including white label, partner brand products and specialised innovative
bank propositions. During its pending owner control investigation according
to German Banking Act, the German Federal Financial Supervisory Authority
(BaFin) has not yet raised any objections against the acquisition of
Bankverein Werther AG. It is intended to close the transaction in October.
The acquisition is part of net mobile midterm strategy to become a major
player in the European mobile Payment field
The acquisition shall be financed by a capital increase with statutory
subscription rights for shareholders. In addition to the acquisition
financing, the capital increase is also intended to strengthen net mobile
AG's further equity and financial scope. net mobile AG's indirect majority
shareholder NTT DOCOMO, INC will support the capital increase by making
funds available up to an amount of 28.4 million euro. Details of the
capital increase will be decided and announced at later stage.
Mr Theodor Niehues, CEO net mobile AG, said
'With the acquisition of the majority of shares net mobile is able to
strengthen its position in the fast growing mobile payment market. It will
help us to develop the mobile payment solutions that have been already
invented by our major shareholder in Asia.'
Mr Danyon Lloyd, CEO of BankvereinWerther AG, said
'After the recent successful restructuring of the bank and our
transformation to an international payments and online banking specialist,
we look forward to working with net mobile and their major shareholders in
Asia to create a successful European mobile payments and banking business.'
About net mobile AG
The net mobile AG Group is a leading international full-service provider
for mobile and interactive value added services and payment solutions.
Founded in November 2000, the company is seen as an innovation leader with
a comprehensive service approach including consulting, design and technical
implementations for a multichannel marketing campaign management.
Furthermore net mobile AG offers a variety of smartphone applications and
e-books since 2009. Partnering with all major music labels and digital
rights-owners in the film, television and games industry, net mobile AG
also ensures full content and royalty management. Its more than 500
customers include national and global mobile telecommunication providers,
media companies and TV stations for which it provides mobile interactive TV
services. The net mobile AG Group includes net mobile AG and the
subsidiaries net mobile minick GmbH (formerly: Minick Germany GmbH) in
Hamburg, First Telecom GmbH, First Communication GmbH and SN Telecom GmbH
in Frankfurt, net mobile Verwaltungs AG and net mobile minickSchweiz AG in
Zurich (Switzerland), net mobile UK Ltd. In London (UK), net mobile Spain
SLU in Madrid (Spain) and Untitled Media S.A. in Diegem (Belgium). Since
December 2009 NTT DoCoMo is major shareholder, owning more than 80% of net
mobile AG shares. For more information please visit www.net-m.de.
Media contact
Björn Spielberg
net mobile AG
Zollhof 17
DE 40221 Dusseldorf
Fon: +49 (0) 211 970 20 - 0
Mobile: +49 (0) 1621083743
Fax: +49 (0) 211 970 20 - 999
E-Mail: Frank.Klabunde(at)net-m.de
Internet: www.net-m.de
End of Corporate News
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22.09.2011 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: net mobile AG
Zollhof 17
40221 Düsseldorf
Germany
Phone: +49 (0)211 970 20-0
Fax: +49 (0)211 970 20-999
E-mail: info(at)net-m.de
Internet: www.net-m.de
ISIN: DE0008137852
WKN: 813785
Listed: Freiverkehr in Berlin, Hamburg, München (m:access),
Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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140005 22.09.2011
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Unternehmensinformation / Kurzprofil:
Datum: 22.09.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 68465
Anzahl Zeichen: 7312
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Kategorie:
Business News
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