Brief: DIC Asset Announces Partial Offer For Majority Of VIB Vermögen AG

BRANICKS AG

31/01/2022 07:12

Jan 31 (Reuters) - DIC ASSET AG  DICn.DE :
    * ANNOUNCES PARTIAL OFFER FOR MAJORITY OF VIB VERMÖGEN AG
    * FOLLOWING SUCCESSFUL COMPLETION OF THE PARTIAL OFFER, DIC
PLANS
TO HOLD AROUND 51% OF THE VIB SHARES AND TO FULLY CONSOLIDATE
VIB IN DIC'S CONSOLIDATED FINANCIAL STATEMENTS
    * OFFER DOCUMENT, WHICH CONTAINS THE FURTHER TERMS OF THE
OFFER,
IS EXPECTED TO BE PUBLISHED ON FEBRUARY 9 2022
    * TO FINANCE ITS INVESTMENT IN VIB, DIC PLANS TO CONTRIBUTE
UP TO
EUR 300 MILLION FROM ITS OWN EXISTING CASH RESOURCES

Source text for Eikon:  ID:nEQ14fQ2ka 
Further company coverage:   DICn.DE 

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