08.04.2009 - comdirect bank AG to acquire European Bank for Fund Services GmbH (ebase)
Quickborn. comdirect bank AG (ISIN DE0005428007*) is to acquire European Bank for Fund Services GmbH (ebase), which is located in Haar near Munich and is a sub-subsidiary of Commerzbank AG. The purchase price is set to stand at EUR 24.9m. The corresponding resolutions of the Board of Managing Directors/Supervisory Board of comdirect bank AG were adopted on 7/8 April 2009. The agreement is set to be signed today. The acquisition is subject to approval from the German Federal Financial Supervisory Authority (BaFin).
As a financial institution, ebase offers investment companies, insurance companies, broker pools and asset managers a professional platform for the management and custody of investment fund units for their end customers. As of 31 December 2008, ebase managed around 1 million end customer custody accounts for its cooperation partners with an investment fund volume of approximately EUR 12bn.
For enquiries, please contact: Thore Ludwig, Investor Relations, comdirect bank AG, Pascalkehre 15, D-25451 Quickborn, Tel. +49(0)4106 704-1966, Fax. +49(0)4106 704-1969, email firstname.lastname@example.org
* Admitted to the Regulated Market on the Frankfurt stock exchange
End of ad hoc notification