Press release

euro adhoc: Österreichische Post AG / Mergers - Acquisitions - Takeovers / Austrian Post: Supervisory Board Unanimously Authorises Management Board to Enter Into Final Negotiations to Acquire Minority Stake in BAWAG P.S.K.

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

Company Information

17.04.2007

In a meeting held on April 17, 2007, the Supervisory Board of 
Austrian Post unanimously authorised the Management Board to enter 
into final negotiations regarding the acquisition of a minority stake
in BAWAG P.S.K.

In December 2006, Austrian Post was invited by the bidder group led 
by Cerberus to acquire a minority stake in BAWAG P.S.K., and 
considers this invitation as an opportunity to make a profitable and 
value enhancing investment, as well as to proactively promote a 
jointly developed offensive business strategy in the field of 
financial services.

At present, Austrian Post currently offers financial services 
products of BAWAG P.S.K. via its own branch network, for which 
Austrian Post derived an income amounting to EUR 97min the year 2006.
Austrian Post is pursuing the goal of further expanding the financial
services offered at its 1,334 company operated branches and 608 post 
partner offices in Austria.

Vienna, April 17, 2007

end of announcement                               euro adhoc 17.04.2007 16:32:31

Further inquiry note:

Further inquiry note:
Austrian Post
Investor Relations:
Harald Hagenauer
Tel.: +43(1)515 51-30401
mailto:harald.hagenauer@post.at

Corporate Communications/Public Relations:
Michael Homola
Tel.: +43(1)515 51-32010
mailto:michael.homola@post.at

Branche: Transport
ISIN: AT0000APOST4
WKN: A0JML5
Index: ATX
Börsen: Wiener Börse AG / stock market

Permalink:

https://www.presseportal.de/en/pm/56747/971742