09.12.2016 - comdirect bank AG acquires OnVista AG from Boursorama S.A.
Merger & Acquisitions
Quickborn, 09 December 2016 - 11:28 CET - comdirect bank AG (ISIN DE0005428007*) today signed with Boursorama S.A. the agreement to acquire its entire shareholding in OnVista AG, domiciled in Frankfurt am Main, following the resolution of the Board of Managing Directors and the approval of the Supervisory Board. OnVista AG holds 100% of the shares in OnVista Bank GmbH and 100% of the shares in OnVista Media GmbH. Both parties have agreed not to disclose the purchase price. The acquisition is still subject to the approval of the Banking Supervisory and antitrust authorities, and is expected to be completed in the first half of the 2017 calendar year.
OnVista AG operates an established online platform for brokerage business as well as a financial information portal in Germany via its OnVista Bank GmbH and OnVista Media GmbH subsidiaries. OnVista Bank GmbH currently holds around 2.1 bn EUR assets under management and has around 90 thousand customers (as of September 2016), to whom it offers the full product range in securities trading.
The purchase of OnVista AG supports the growth ambitions of comdirect in the German online brokerage market. With OnVista Media AG comdirect aqcuires a leading finance portal in Germany with the aim of poviding a broader platform for financial information, marketing and for acquisition of new customers.
Please direct any questions to: Anke Overkamp, Investor Relations, comdirect bank AG, Pascalkehre 15, 25451 Quickborn, Germany, Tel.: +49 (0)4106 704 1966, Fax: +49 (0)4106 704 1969, Email: email@example.com
* Admitted for trading on the regulated market of the Frankfurt Stock Exchange
End of ad hoc announcement