KA Finanz AG

EANS-Adhoc: KA Finanz AG
Possibility of future partial absorption of the business of Kommunalkredit Austria AG

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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other
11.08.2014


Finanzmarktbeteiligung Aktiengesellschaft des Bundes (FIMBAG), the common
shareholder of Kommunalkredit Austria AG (KA) and KA Finanz AG (the Company),
will in the next days by way of a public call for tenders invite potentially
interested parties to submit expressions of interest for a partial sale of KA in
accordance with the EU's amending decision of 19 July 2013. Based on that
decision, FIMBAG is authorised to sell the shares in KA held by it to an extent
of up to 50% of the assets as at 19 July 2013, i.e. up to a maximum of EUR 5.8
billion. The Company is considering the possibility of absorbing the assets and
liabilities of KA exceeding the volume of the partial sale by way of a demerger.
Such absorption of assets would take place only in the event of the partial sale
of KA being implemented.


ISIN:
AT0000441209; XS0140045302; XS0144772927; XS0185015541;
XS0257275098; XS0270579856; XS0279423775; XS0286975973;
XS0354530916


Stock exchanges:
Vienna, Luxembourg


Further inquiry note:
KA Finanz AG 
Investor Relations 
Dinah Reiss 
1092 Wien/Vienna, Türkenstraße/Tuerkenstrasse 9 
Tel./Phone: +43/1/31 6 31-678 
Fax: +43/1/31 6 31-505 oder/or 99678 
Mail: d.reiss@kafinanz.at 
WWW: www.kafinanz.at

end of announcement                               euro adhoc 
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issuer:      KA Finanz AG
             Türkenstraße 9
             A-1092 Wien
phone:       +43/1/310 06 06
FAX:         +43/1/310 06 06 - 404
mail:     info@kafinanz.at
WWW:      www.kafinanz.at
sector:      Banking
ISIN:        -
indexes:     
stockmarkets: stock market: Wien 
language:   English
 

Original-Content von: KA Finanz AG, übermittelt durch news aktuell

Weitere Meldungen: KA Finanz AG

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