AWD Holding AG
AWD Holding AG: Strategic partnership with Swiss Life
AWD Holding AG / Strategic Company Decision Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Hanover, 3 December 2007. AWD Holding Aktiengesellschaft ('AWD') and Swiss Life Holding ('Swiss Life'), of Zurich, have reached agreement on a strategic partnership. According to this agreement, Swiss Life will make an offer to AWD’s shareholders, either directly or through a subsidiary, to acquire shares in AWD for €30.00 per share. AWD will remain a independent stock corporation with its headquarters in Hanover. AWD’s concept of an open distribution platform and its market positioning as an independent financial adviser will be maintained. The Chairman of AWD’s Board of Management (CEO), Carsten Maschmeyer, will continue to hold his position. The Board of Management and the Supervisory Board of AWD support the strategic partnership and are of the opinion that it is in the company’s best interests. The Board of Management is in favour of the planned takeover and intends to recommend that the shareholders accept the offer. The Maschmeyer family will accept the offer for approximately 20% of AWD’s shares, but will continue to retain approximately 10% of the company’s shares. If this publication contains any forecasts or expectations or if our statements refer to the future, these statements can involve risks and uncertainties. We therefore cannot guarantee that the expectations will prove to be correct. Actual events and developments can differ significantly from the expectations and assumptions expressed herein. The factors that can cause such deviations include, among others, changes in the general economic situation and the competitive situation, particularly in core business areas and markets, exchange-rate and interest-rate fluctuations, changes in national and international legislation, especially pertaining to tax regulations, and changes in investment or business strategy. The company does not assume any obligation to update the statements contained in this publication. Further information on the contents and on AWD is available from: Béla Anda Public Relations Phone: +49 (0)511/ 90 20-53 87 Fax: +49 (0)511/ 90 20-53 30 E-Mail: Presse@awd.de Hartmuth Höhn Investor Relations Phone: +49 (0)511/ 90 20-56 60 Fax: +49 (0)511/ 90 20-51 21 E-Mail: Investor.Relations@awd.de AWD Holding AG, AWD-Platz 1, 30659 Hanover, Germany; Internet:www.awd-gruppe.de 03.12.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: AWD Holding AG AWD-Platz 1 30659 Hannover Deutschland Phone: +49 (0)511 9020-5120 Fax: +49 (0)511 9020-5121 E-mail: investor.relations@awd.de Internet: www.awd.de ISIN: DE0005085906 WKN: 508590 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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