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Baader Bank AG sells its shares in Gulf Baader Capital Markets S.A.O.C.

DGAP-News: Baader Bank AG / Key word(s): Investment

09.04.2019 / 14:00
The issuer is solely responsible for the content of this announcement.


Press release:

Baader Bank AG sells its shares in Gulf Baader Capital Markets S.A.O.C.

Unterschleissheim, 09th April 2019: Baader Bank AG is selling their 30 per cent share in Oman broker Gulf Baader Capital Markets S.A.O.C. This marks another important milestone on the journey to realigning Baader Bank.

With the transaction completed at the end of March 2019, shares in Gulf Baader Capital Markets S.O.A.C. will be transferred to the new proprietor; the Oman broker is therefore leaving Baader Bank's Group structure.

The investment was made in 2006, following market developments to build a strategic hub in the flourishing Middle East.

For both Baader Bank and its clients, this measure means that market access in this region will remain unchanged.

The sale of the broker is a logical continuation of the corporate strategy, in which Baader Bank is focusing on its core business, reducing the complexity in the Group structure and is selling or discontinuing product providers and commitments abroad.

Further information is available from:

Baader Bank AG
Weihenstephaner Strasse 4
85716 Unterschleissheim, Germany

Florian E. Schopf
Company Spokesperson
Managing Director
Head of Group Strategy & Communication

T +49 89 5150 1013
M +49 160 718 88 26
florian.schopf@baaderbank.de

About Baader Bank AG:

Baader Bank is the bank for the capital market. It allows its clients to access international capital markets and to invest in financial products in an effective, efficient and secure manner. The bank uses the latest innovations in the banking industry for products, processes and technology to generate added value for its clients. As a family-run, full-service bank with its headquarters in Unterschleissheim near Munich with 450 employees, it is active in the business lines of Market Making, Capital Markets, Multi Asset Brokerage, Asset Management Services, Banking Services and Research.


Further information can also be found online:

Company website: www.baaderbank.de
Twitter: https://twitter.com/Baader_Bank
LinkedIn: https://www.linkedin.com/company/98924/
Xing: https://www.xing.com/companies/baaderbankag?sc_o=da980_e
YouTube: https://www.youtube.com/channel/UCDJ7PGKWwtafrPSFDI3nmsQ



09.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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