Hauck & Aufhäuser Privatbankiers KGaA
- WKN: -
- 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 firstname.lastname@example.org 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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