Sale Of DGAP To EquityStory Transaction Due For Conclusion By Year End

The three partners, Deutsche Brse AG, Reuters AG and vwd Vereinigte Wirtschaftsdienste GmbH are to sell DGAP (Deutsche Gesellschaft fr Ad hoc Publizitt mbH) to EquityStory AG. The online investor relations specialist has also been a provider of ad hoc

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The three partners, Deutsche Brse AG, Reuters AG and vwd Vereinigte Wirtschaftsdienste GmbH are to sell DGAP (Deutsche Gesellschaft fr Ad-hoc-Publizitt mbH) to EquityStory AG.

The online investor relations specialist has also been a provider of ad-hoc disclosures since 2004. In the course of the transaction, EquityStory AG will acquire 100 percent of DGAP shares, which were previously held in equal proportion by the three partners. The parties have agreed to keep the sale price confidential.

The transaction is due to be concluded by the end of this year.

“DGAP has undergone a dynamic development from infrastructure provider for price-relevant news to end-to-end service provider for financial communication,” said Edmund J. Keferstein, Chairman of the Advisory Board at DGAP. “We are convinced that DGAP will realize growth opportunities and expand its product offering under the new ownership structure.”

Deutsche Brse, Reuters and vwd established DGAP on 1 March 1996 with the aim of introducing electronic distribution for ad-hoc disclosures in Germany, thereby setting the market standard. This goal was achieved: In 2004, DGAP disseminated around 76 percent of all ad-hoc disclosures in Germany. DGAP also publishes corporate news, directors’ dealings, and press releases.

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