Hauck & Aufhäuser Privatbankiers KGaA

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  • Land: Deutschland

Nachricht vom 09.09.2016 | 11:17

Acquisition of Hauck & Aufhäuser by Fosun successfully completed

DGAP-Media / 2016-09-09 / 11:17

Acquisition of Hauck & Aufhäuser by Fosun successfully completed

- Fosun and Hauck & Aufhäuser very much welcome the closing of the
acquisition
- Acquisition clears the way for new growth prospects and further
internationalization of the bank
- Fosun serves as important bridge for Chinese investors to Germany and
Europe, and vice versa for German companies and investors to China

Frankfurt am Main, Sept. 9th 2016 - Fosun and Hauck & Aufhäuser very much
welcome the completion of the acquisition of Hauck & Aufhäuser by the
leading Chinese investment group Fosun. Fosun acquires 99.91% of equity
interest in Hauck & Aufhäuser. This step clears the way for new growth
prospects and the further internationalization of the German private bank.

"We are delighted that the European Central Bank and related financial
regulatory authorities have made a positive decision and support. H&A is a
strategic investment for us and provides us with the channel to invest in
major economies in Europe," said Mr. Guo Guangchang, Chairman of Fosun.
"According to our investment plans and leveraging our rich resources across
the world, we can effectively help H&A enhance its position in the banking
sector of Germany and the rest of Europe. At the same time, we can provide
investors from China and other Asian countries with the opportunities to
invest in Germany."

"With the support from Fosun, our long-term shareholder, we are fully
capable of building a bridge for Chinese companies seeking opportunities
for investment in Germany and the rest of Europe. Meanwhile, we can also
assist German enterprises to enter China's market. Hauck & Aufhäuser will
continue to leverage its excellent brand and independence to become a
reliable partner of our clients," said the senior management of Hauck &
Aufhäuser. "In the past few months, we have had a full understanding about
the opportunities to be brought about by the co-operation with Fosun and we
have already started establishing our business in China systematically.
Together with Fosun, we will increasingly take advantage of synergies which
are to be generated and will extend and enrich our investment portfolio
significantly."

In the past five years, owners' equity in Hauck & Aufhäuser increased
tremendously, laying the sound foundations for its further development. In
such fields as asset servicing and the business of managing equity
interests in small-cap and mid-cap companies, Hauck & Aufhäuser has
achieved growth rates in results higher than the industry average in recent
years. The private bank has also expanded its business to the key markets
in Europe. Since 2013, assets under Hauck & Aufhäuser's management has
increased by nearly 50%. The successful acquisition of Hauck & Aufhäuser
will reinforce the blueprint of Fosun's financial service business in
overseas markets. Fosun will also continue to expand its presence in
private banking and wealth management segments.

Background Information

Hauck & Aufhäuser Privatbankiers KGaA:
With its 220 years of tradition, Hauck & Aufhäuser Privatbankiers is one of
few independent private banks in Germany. From its locations in Frankfurt
am Main, Munich, Hamburg, Düsseldorf, Cologne and Luxembourg, the bank
focuses on providing comprehensive advisory services and administering the
assets of its private, corporate and institutional clients. This includes
asset management for institutional investors, close cooperation with
independent asset managers and both the concept and management of private
label funds.

The partners of the bank consist of the personally liable partner, Jochen
Lucht, and the partners, Michael Bentlage and Stephan Rupprecht. Hauck &
Aufhäuser considers itself a private bank that combines modernity with a
strong sense of tradition. The focus lies in providing comprehensive and
personalised advisory services, which form the basis for developing
customised solutions.

Contact:
Sandra Freimuth
Hauck & Aufhäuser Privatbankiers KGaA
Phone +49 89 2393 2111
sandra.freimuth@hauck-aufhaeuser.de
www.hauck-aufhaeuser.de


End of Media Release


Issuer: Hauck & Aufhäuser Privatbankiers KGaA Key word(s): Finance 2016-09-09 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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