DGAP-News: ADC African Development Corporation GmbH & Co. KGaA / Key
word(s): Miscellaneous
ADC African Development Corporation publishes its monthly letter to
the shareholders
06.09.2011 / 19:00
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ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast
growing financial services group focusing on the frontier markets in
sub-Saharan Africa, is pleased to announce the publication of the current
shareholder letter on ADC's website under the following link:
http://www.african-development.com/files/adc_shareholder_letter_september_
2011_engl.pdf
Key take-aways:
- BancABC published excellent half-year results - share price has
increased by more than 100% since ADC investment
- All subsidiaries are fully on track
- Ecobank Zimbabwe prepares capital increase for much higher valuation
than reflected in ADC's books today
- Two to three new investments in the pipeline are expected to be
executed during the next six to eight weeks
++ About ADC
ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol:
AZC.GR), was established in September 2007 and quickly positioned itself as
one of the leading holdings for banks and insurance companies in the
above-average growth markets of sub-Saharan Africa. The company's success
is primarily due to its local management team, which follows international
best practice principles to further develop banks and implements
conventional international processes to in-crease their profitability. As
the second international emerging market investor in the world, ADC was
integrated into the insurance solution offered by the Multilateral
Investment Guarantee Agency ('MIGA'), a member of the World Bank Group,
primarily due to its strong operational approach and adherence to the
highest ethical standards. This insurance offers protection against a
variety of political risks, in particular the risk of radical political
change.
Contact:
Olaf Meier
Member of the Board
investor-relations@african-development.com
T +49 69. 719 12 80 123
End of Corporate News
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06.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: ADC African Development Corporation GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 69 719 12 80 00
Fax: +49 69 719 12 80 011
E-mail: info@african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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138432 06.09.2011
DGAP-News: ADC African Development Corporation publishes its monthly letter to the shareholders
| Source: EQS Group AG