You might also be interested in:

Edel-Optics offers unique Motorsport experience at Race Of Champions 2019

Hamburg (ots) - The multichannel optician will be the official partner of the motorsport event Race Of ...

Germany Sees Red: Eon Becoming a New Energy Monopoly

Hamburg (ots) - - Crossreference: Picture is available at - Analysis ...

InnoGames boosts mobile revenues by 37 percent in 2018 / Online game developer and publisher reports double-digit percentage revenue growth in its 12th year on the market

Hamburg (ots) - InnoGames, Germany's leading developer and publisher of mobile and online games, today published ...

08.09.2005 – 11:23

Wirecard AG

euro adhoc: Wire Card AG
Mergers - Acquisitions - Takeovers
ad hoc release in accordance with §15 of the German Security Trading Act Wire Card AG plans to acquire XCOM Bank AG and capital increase

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Berlin/Munich, September 8, 2005 - Wire Card AG, which is listed in the Prime Standard at Frankfurt Stock Exchange, announces the acquisition of XCOM Bank AG, that is based in Willich, Germany, in accordance with the resolution passed by the Management Board and the Supervisory Board on 8. September 2005.

Subject to the approval of the German financial services supervisory authorities (BaFin) and the German banks' auditing association (Prüfungsverband deutscher Banken e.V.), Wire Card AG will be acquiring all the shares in XCOM Bank AG with effect from 1. January 2006 via Wire Card Beteiligungs GmbH, in which it will be holding a 100% interest in future. The purchase price amounts to EUR 13 million; the vendor and its parent company XCOM AG guarantee that XCOM Bank AG will be in possession of at least EUR 7 million in cash on 31. December 2005 that are defined in more detail in the sale and purchase agreement. Wire Card AG estimates that the overall investment costs (including the operating integration and running-in costs) amount to about EUR 18 million. Wire Card AG intends to complete the value chain in the payment services field by acquiring XCOM Bank AG.

In order to finance this acquisition including the transaction costs and the necessary operating integration and running-in costs Wire Card intends to carry out a share capital increase. The company will announce further details in the next days.

@@start.t2@@end of announcement                                                 euro adhoc 08.09.2005 10:43:52

ots Originaltext: Wire Card AG
Im Internet recherchierbar:

Further inquiry note:
Iris Stöckl  
Tel.: +49 (0)89-4424-2034

new adress:
Wire Card AG
Voigtstr. 31
D-10247 Berlin

Branche: Telecommunications Services
ISIN:      DE0007472060
WKN:        747206
Index:    Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bremer Wertpapierbörse (BWB) / free trade

Original content of: Wirecard AG, transmitted by news aktuell

All Releases
Subscribe to Wirecard AG
  • Printable version
  • PDF version

Places in this release

Topics in this relase

Additional press releases: Wirecard AG