Hypoport AG / Key word(s): Takeover
07.06.2016 16:05
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc disclosure pursuant to section 15 of the German Securities Trading
Act (WpHG)
Hypoport acquires NKK Programm Service AG.
Berlin, 7 June 2016: Hypoport InsurTech GmbH, a wholly-owned subsidiary of
Hypoport AG, has today signed a sales and purchase agreement for the
acquisition of 100 per cent of the shares in NKK Programm Service AG.
Execution of the contract is subject to the condition precedent of approval
by NKK's decision-making bodies. When the transaction has been completed,
Hypoport InsurTech GmbH will pay a cash purchase price for the shares in
the low single-digit millions. The transaction is expected to be completed
in July 2016 at the latest.
By acquiring NKK, the Hypoport Group will strengthen its competitive
position in the insurance market for many years to come. The acquisition
represents a logical continuation of Hypoport's strategy of growth based on
the digitisation of the financial service markets, in this case in the
insurance product segment.
About Hypoport AG
The Hypoport Group is a technology-based financial service provider. The
business model is based on its three mutually supporting business units:
Private Clients, Financial Service Providers, and Institutional Clients.
All three units are engaged in the distribution of financial services,
facilitated or supported by finance-technology ('fintech').
As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates
the web-based EUROPACE financial marketplace, which is Germany's largest
platform for mortgages, building finance products and personal loans. A
fully integrated system links more than 350 partners - banks, insurers and
financial product distributors. Several thousand users execute some 35.000
transactions worth a total of up to EUR4 billion on EUROPACE every month.
The Hypoport subsidiary Dr. Klein & Co. AG is an independent online
distributor of financial products. This firm's specialists provide private
clients with a full range of advisory services around mortgage finance,
insurance and retirement planning. Dr. Klein & Co. AG has been a major
financial service partner to housing companies and commercial property
investors since 1954. Hypoport AG is headquartered in Berlin, employs more
than 500 people and is listed in the Prime Standard of the Frankfurt Stock
Exchange. At the end of 2015 Hypoport was admitted to the SDAX.
Hypoport AG
Michaela Reimann
Head of Corporate Communications
Tel: +49 (0)30 42086 1936
Fax: +49 (0)30 / 42086-1999
Twitter: www.twitter.com/hypoport
Email: ir@hypoport.de
www.hypoport.com
Key data on Hypoport's shares
ISIN DE 0005493365
WKN 549336
Stock exchange symbol HYQ
07.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: ir@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of Announcement DGAP News-Service
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