ADC African Development Corporation AG
ADC further streamlines its private equity portfolio ++ ADC successfully sells RSwitch to Millicom
ADC African Development Corporation AG / Schlagwort(e): Verkauf ADC acquired a majority stake of RSwitch in June 2008 and has worked with local staff over the years to transform the company from a national switch that was struggling to provide adequate services to Rwandan banks and financial services companies into an electronic payment service provider operating internationally with global standards. At the beginning of 2013, ADC refined its strategy to focus entirely on banking sector activities in order to create a pan-African banking group on a large enough scale to compete with existing players. The sale of RSwitch to Millicom furthers ADC’s strategic vision and will help to support the development of products and services offered by the Rwandan payments provider to its clients nationally and abroad. Dirk Harbecke, CEO of ADC comments: “The sale of RSwitch to Millicom, a global leader in digital services, is a testament to the success achieved by ADC and local staff over the years to build a stable company with the capacity to deliver e-payment services to domestic and international clients both reliably and efficiently. Under the leadership of its CEO Konde Bugingo, RSwitch achieved a turn-around of the business and successfully recorded the first profit in its history in the 2013 financial year. The company will benefit further from Millicom’s experience and presence in countries around the world and we welcome the new partnership.” About ADC Kontakt: Investor Relations investor-relations@african-development.com T +49 69 719 12 80 119 Ende der Corporate News 02.06.2014 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch die DGAP – ein Unternehmen der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen. Medienarchiv unter http://www.dgap-medientreff.de und http://www.dgap.de |
Sprache: | Deutsch | |
Unternehmen: | ADC African Development Corporation AG | |
Grüneburgweg 18 | ||
60322 Frankfurt/Main | ||
Deutschland | ||
Telefon: | +49 69 719 12 80 119 | |
Fax: | +49 69 719 12 80 115 | |
E-Mail: | info@african-development.com | |
Internet: | www.african-development.com | |
ISIN: | DE000A1E8NW9 | |
WKN: | A1E8NW | |
Börsen: | Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) | |
Ende der Mitteilung | DGAP News-Service |
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