UniCredit Bank GmbH
Bayerische Hypo- und Vereinsbank AG reduces stake in Munich Re
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Bayerische Hypo- und Vereinsbank AG is reducing its stake in Munich Re
through an accelerated offering from 4.9% to approx. 2.2%. HVB is selling
approx. 6.16 million shares representing approx. 2.7% of the outstanding
share capital of Munich Re. The transaction has a market volume of around €
782 million based on €126.95, the closing price on 15-Nov-2006. HVB will
thereby realize a disposal gain in a low three-digit million euro range.
With this step HVB continues its ongoing strategy to align its financial
holdings. The successful and mutually beneficial cooperation with Munich Re
and Ergo is not affected and will be continued.
The sale is executed by Goldman Sachs International and UniCredit Markets &
Investment Banking as joint bookrunners. The offer is directed to
institutional investors.
(c)DGAP 16.11.2006
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Language: English
Issuer: Bayerische Hypo- und Vereinsbank AG
Kardinal-Faulhaber-Str. 1
80333 München Deutschland
Phone: +49-(0)89-378-0
Fax: +49-(0)89-378-24083
E-mail: ir@hvbgroup.com
WWW: www.hvbgroup.com
ISIN: DE0008022005
WKN: 802200
Indices: MDAX,, EURO STOXX 50
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, München, Hamburg, SWX, Wien, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) Paris
End of News DGAP News-Service
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