ots Ad hoc-Service: ERGO Vers.gruppe AG Munich Re announces offer to exchange ERGO shares for Munich Re shares - exclusive cooperation of ERGO and HypoVereinsbank intended

Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Düsseldorf (ots Ad hoc-Service) - Munich Reinsurance Company, majority shareholder of ERGO with 62.9%, has announced that it will offer the minority shareholders of ERGO Versicherungsgruppe AG to exchange their ERGO shares for Munich Re shares. For two ERGO shares, Munich Re will offer one of its own shares plus an additional cash payment of 18 euros. ERGO's Board of Management views the offer as being fair and attractive; it welcomes the intended raise in the participation. This increase is part of a concept which gives the opportunity of a Germany-wide exclusive cooperation between ERGO and Bayerische Hypo- und Vereinsbank and creates very good additional development perspectives for ERGO not only in Germany but abroad as well.

    Munich Re wants to increase its participating interest in ERGO Insurance Group from currently 62.9% up to 95%; this will take place through a tender offer to the minority shareholders of ERGO. In addition, HypoVereinsbank is to raise its stake in ERGO to 5%.

         ERGO Versicherungsgruppe AG Board of Management

       WKN: 841852; Index: MDAX Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

    End of message ----------------------------------------------------- Internet:

Original-Content von: ERGO Group AG, übermittelt durch news aktuell

Weitere Meldungen: ERGO Group AG

Das könnte Sie auch interessieren: