DGAP-News: ARAGON AG / Key word(s): Disposal
ARAGON AG: Aragon sells CLARUS
12.09.2012 / 07:00
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Aragon sells CLARUS
- Contract signed for sale of CLARUS to 1:1 Assekuranzservice AG
- CLARUS will continue to be independently operated by 1:1
Assekuranzservice AG
- Positive impact on earnings at Aragon
- Aragon focuses on core investments
Aragon AG, one of the leading financial services players in German-speaking
countries, has signed a contract governing the sale of 100 percent of the
share capital in CLARUS AG, Wiesbaden, to 1:1 Assekuranzservice AG,
Augsburg, 1:1 Assekuranzservice AG, a subsidiary of WWK Lebensversicherung
a. G., Munich, plans to operate CLARUS independently as a second sales
format and will invest further funds in expanding the company's sales
activities.
The implementation of the transaction is subject to the approval of the
antitrust authority and is expected in the near future.
All contractual components are subject to conditions precedent that are
expected to be met before the end of September already.
Aragon AG had acquired a majority shareholding in CLARUS in April 2011 and
subsequently stocked up its stake to 100 percent. By drawing on synergies
within the Aragon Group, the aim was to bring CLARUS into profitable
territory this year. Due to the difficult market climate, this had not yet
been possible, as a result of which the company had negatively affected the
income statement at Aragon AG.
'The CLARUS sale fits in with our previously announced intention to
streamline our portfolio', commented Dr. Sebastian Grabmaier, CEO of Aragon
AG, with regard to the transaction. 'In future, we will be focusing even
more closely on our core investments. We are delighted that, in 1:1
Assekuranzservice AG, CLARUS has now found a long-term home.'
Aragon AG will use mainly the liquid funds received upon completion of the
transaction for the premature repayment of non-current liabilities. The
parties to the deal have agreed to maintain confidentiality concerning the
purchase price.
About Aragon AG
Aragon AG is a broadly diversified financial services group with two
operating segments, Broker Pools and Financial Consulting, and an operating
Holding division. Within its segments, Aragon AG operates in the market
with several independently acting subsidiaries. The aim is to integrate
various sales models under one roof without infringing on the identity of
each individual sales operation. This leads to broad diversification across
numerous asset classes and distribution channels and, as a result, ensures
high earnings stability. Further information about the company and its
subsidiaries can be found at www.aragon.ag.
Contact:
Aragon Aktiengesellschaft
Ralf Funke
Investor Relations
Tel.: +49(0)611 890 575-0
Fax: +49(0)611 890 575-99
E-Mail: ir@aragon.ag
End of Corporate News
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184941 12.09.2012
DGAP-News: ARAGON AG: Aragon sells CLARUS
| Source: EQS Group AG