DGAP-News: Baader Bank AG / Key word(s): Investment
Baader Bank AG reduces its shares in Conservative Concept Portfolio Management AG, LeanVal Invest GmbH main shareholder
Unterschleissheim, 04/15/2019: By reducing its shares in the Frankfurt-based asset manager Conservative Concept Portfolio Management AG (CCPM) from 66.07% to 20.00%, Baader Bank made an important step towards the planned consolidation of the Group as a whole.
Baader Bank had been a majority shareholder of CCPM since 2005. The strategic desire at the time to tap into a further division in cooperation with a highly specialized provider of absolute return strategies bore the desired fruit for many years. After the realignment of Baader Bank, the institute is now concentrating on its core activities and is therefore selling the product providers and foreign commitments. In this context, the shareholding in CCPM was reduced to 20%. CCPM is therefore no longer in the scope of consolidation of the Group.
A remaining share is being deliberately maintained, as Baader Bank is convinced of the further positive development of the fund provider. With LeanVal Invest GmbH, the shareholders of CCPM were able to find the optimal strategic partners for the continued development of their strategies, products and client base. The company founder, shareholder and member of the executive board Hans-Jürgen Metzler also remains on board. Also Thomas Wiegelmann as the second board member remains in his function.
About Baader Bank AG:
About LeanVal Invest GmbH:
Company website: www.baaderbank.de
|Company:||Baader Bank AG|
|Weihenstephaner Str. 4|
|Phone:||+49 89 5150 1013|
|Fax:||+49 89 5150 1111|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||796089|
|End of News||DGAP News Service|