Paris – 23 May 2016 – Amundi, Oddo & Cie and Kleinwort Benson Investors (“KBI”) today announced that they have signed a definitive agreement whereby Amundi is to acquire an 87.5% stake in KBI from Oddo & Cie, while the management team of KBI will acquire a 12.5% stake.
The analysts of ODDO SEYDLER BANK AG were once again honoured at this year's Thomas Reuters Analyst Awards for their outstanding work in stock rating. ODDO SEYDLER experts achieved top rankings in seven categories. As a result ODDO SEYDLER advanced to the number 2 position among the best brokers for German shares.
The German newspaper Handelsblatt and the US house Starmine name the best analysts for German shares. Oddo Seydler moved up to second place.
Berentzen-Gruppe Aktiengesellschaft gains new anchor investor / Off-market transaction advised by ODDO SEYDLER BANK AG
Berentzen-Gruppe Aktiengesellschaft, which is traded in the regulated market (General Standard) of the Frankfurt Stock Exchange, has a new anchor investor. The Dutch investor Monolith Investment Management acquired 10.4% of the shares in the parent company of the Berentzen Group from the investment company AURELIUS. After the off-market transaction, which was advised by ODDO SEYDLER BANK AG, the AURELIUS Group still holds around 18.8% of the shares in the parent company of the Berentzen Group.
Net banking income rose 35% to 426 million euros, and gross operating profit increased by 62% to 136 million euros over the period. Net profit came in at 91.7 million euros (vs 54.1 million euros in 2014). This brisk momentum is partly due to the widening of the group's scope in Germany, with the successive acquisitions of Seydler Bank in January 2015 and Meriten Investment Management in July 2015. Even so, apart from these acquisitions, group momentum was particularly solid as organic growth accounted for around half of total growth.
Oddo & Cie announces the closing of its squeeze-out and the withdrawal of BHF Kleinwort Benson Group’s shares
427,278 BHF KB Shares were not tendered voluntarily during the Acceptance Period of the squeeze-out and shall be deemed transferred to the Counterbidder by operation of law on 24 March 2016. The funds necessary to pay the price for the 427,278 BHF KB Shares, which have not been tendered to the squeeze-out, shall be deposited with the Deposito-en Consignatiekas/Caisse des Dépôts et Consignations in Belgium. The Counterbidder will therefore hold, following the effective transfer of the shares tendered during the squeeze-out, 132,244,164 BHF KB Shares, representing 100% of the outstanding BHF KB Shares. At the close of the squeeze out, the BHF KB Shares were delisted from Euronext Brussels. The last trading day was therefore 11 March 2016.
Dr. Ralf Witzler
Tel.: +49 (0) 69 9 20 54 798