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19:07 | 15.02.2008
DJ DGAP-Adhoc: OnVista AG and Boursorama SA envisage domination and profit & loss transfer agreement
DJ DGAP-Adhoc: OnVista AG and Boursorama SA envisage domination and profit & loss transfer agreement
OnVista AG / Contract
15.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Executive Boards of OnVista AG and Boursorama SA today came to a basic
agreement to envisage a domination and profit & loss transfer agreement,
with the French company Boursorama SA as the dominating company. The legal
and financial details regarding the conclusion of the contract are to be
reviewed presently. The final decision on the structure and signature of
the agreement is still pending.
As the majority shareholder, Boursorama SA is holding more than 80% of the
shares and voting rights in OnVista AG. Last year, Boursorama already
offered the remaining shareholders a takeover bid in the amount of EUR
20.60 per share. This price exceeded the last share price prior to the
announcement of the planned takeover bid on 24 September 2007 by more than
a third (EUR 14.90, Xetra closing price on 21 Sep. 2007). This resulted in
a valuation of the business totalling EUR 138.02 million. Boursorama is a
major European online provider of investment products and financial
information. Established in 1995, the company operates the leading finance
portal in France www.boursorama.com as well as the online bank Boursorama
Banque (www.boursorama-banque.com). In Germany, Boursorama has been active
with the online broker Fimatex since 1997. According to its own statements,
the French company plans to closely interlink the online broker Fimatex and
the ad-sponsored OnVista finance portal in the medium term. The company
expects the strong OnVista brand - undisputed market leader for many years
in the German speaking region - to generate significantly greater awareness
for German activities on the whole.
Contact: Anja Seipp / Mareike Berkling, Tel. +49 (0) 2203-9146-306/-203,
email ir@onvista-group.de
15.02.2008 Financial News transmitted by DGAP
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Language: English
Issuer: OnVista AG
Sophienstr. 3
51149 Köln
Deutschland
Phone: +49 (0)2203 9146-0
Fax: +49 (0)2203 180 640
E-mail: ir@onvista-group.de
Internet: www.onvista-group.de
ISIN: DE0005461602
WKN: 546160
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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(END) Dow Jones Newswires February 15, 2008 14:07 ET (19:07 GMT) |
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