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Bankleitzahlen - online.de


comdirect bank: Acquisition of ebase agreed

Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------




Quickborn, 8 April 2009. comdirect bank (www.comdirect.de) today
agreed an acquisition of ebase (European Bank for Fund Services) with
Commerz Asset Management Holding. The purchase price stands at EUR
24.9m. The transaction is subject to the approval of the German
Federal Financial Supervisory Authority (BaFin). "Through the
acquisition of ebase, we intend to further boost our growth and
development in addition to the new complus programme," explains
Michael Mandel, CEO of comdirect bank AG.

ebase is located in Haar near Munich and has around 250 employees. As
a full-service platform, the company offers professional custody
account services for independent financial services providers and
insurance companies. Following the acquisition of ebase, comdirect
bank stands for more than 2 million customers with assets totalling
around EUR 30bn. Mandel adds: "We will be considerably expanding our
business-to-business activities with ebase. The market proximity and
the brand of ebase provide first class preconditions for this."

Length: 1,034 characters including spaces

Contact: Johannes Friedemann, comdirect bank AG,
Tel: +49 4106 704-1340, e-mail: presse@comdirect.de.

Press information:
All press releases are available at http://www.comdirect.de/pr
If you no longer wish to receive these press releases, please send an
e-mail to presse@comdirect.de.



--- End of Message ---

comdirect bank AG
Pascalkehre 15 Quickborn Germany

WKN: 542800;
ISIN: DE0005428007; Index: CDAX, CLASSIC All Share, Prime All Share,
SDAX;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Börse Berlin,
Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische
Wertpapierbörse zu Hamburg,
Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in
Bayerische Börse München,
Freiverkehr in Börse Stuttgart, Regulierter Markt in Frankfurter
Wertpapierbörse;
Copyright © Hugin AS 2009. All rights reserved.



 
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