DGAP-News: Baader Bank AG / Key word(s): Acquisition
Baader Bank AG acquires the Swiss broker Helvea, bringing a much
broader range of services
02.08.2013 / 13:11
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Baader Bank acquires the Swiss broker Helvea, bringing a much broader range
of services
2 August 2013
Baader Bank, based in UnterschleiÃheim, Germany, has successfully completed
its takeover of the Swiss company Helvea Holding SA ('Helvea'). All the
necessary authorisations from the regulatory authorities in Switzerland,
the UK and the USA have been granted. The takeover of Helvea, Switzerland's
largest independent equities broker, allows Baader Bank to expand the range
of services it offers considerably and brings it closer to becoming the
leading local broker in the German-speaking countries. 'We are looking
forward to being able to provide our investors and clients with an
extensive range of products and services,' says Nico Baader, Baader Bank's
Member of the Executive Board responsible for capital markets.
Helvea has relationships with institutional investors all over the world,
built up over more than ten years, and focuses particularly on the United
Kingdom, Switzerland and the USA. Based in Geneva, Helvea also has
operations in Zurich, London, Montreal and New York. 'Helvea has built up
relationships over many years, which provide an excellent basis for
expanding Baader Bank's equities business,' says Oliver Riedel, Co-Head of
Corporates & Markets. In future, Helvea will also be able to provide its
clients with professional support and excellent research for German and
Austrian equities. A team of more than 20 experienced equities analysts
regularly analyses and evaluates at least 220 companies.
In the most recent Thomson Reuters Extel survey, international investors
rated the performance of both Baader Bank and Helvea very highly. Baader
Bank was ranked second for German equities trading, fifth for German
equities research and second for Austrian equities. Helvea was voted number
three in the 'Switzerland - Leading Brokerage Firm' category.
In future, around 110 staff in the Corporates & Markets team will be
devoted to supporting investors and corporate clients. The department is
led jointly by Christian Bacherl and Oliver Riedel, Co-Heads of Corporates
& Markets. 'The expertise of Baader Bank's team means that Helvea can now
also offer Swiss companies capital market services such as IPOs, and equity
and debt financing,' adds Christian Bacherl, Co-Head of Corporates &
Markets.
The acquisition closed on 2 August 2013, with full consolidation effective
retroactively as of 1 January this year. Both parties have agreed not to
disclose details of the purchase price. Baader Bank expects to see
synergies from the use of its technical trading infrastructure and the
expansion of its existing client relationships as a result of the
significantly broader range of products and services it can now offer.
End of Corporate News
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02.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 UnterschleiÃheim
Germany
Phone: +49 89 5150 1882
Fax: +49 89 5150 29 1880
E-mail: communications@baaderbank.de
Internet: www.baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart; Frankfurt in Open Market
End of News DGAP News-Service
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224043 02.08.2013
DGAP-News: Baader Bank AG acquires the Swiss broker Helvea, bringing a much broader range of services
| Source: EQS Group AG