ESCADA AG

euro adhoc: ESCADA AG
other
Swiss finance group Finartis takes control of ESCADAÂ’s largest shareholder HMD Investment Partners LP

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18.05.2006

Aschheim, May 18, 2006 - The Board of Management of ESCADA AG has been informed that as of May 12, 2006 the Swiss finance group Finartis through its asset management company ‘European New Horizon (ENH)’ has acquired 100% control of ESCADA AG's largest shareholder, HMD Investment Partners LP, from HMD Partners. HMD Partners had lately been ESCADA’s largest shareholder with almost 27% of the voting rights and capital in the company. HMD Partners initiated this investment in ESCADA in October 2003 through capital measures.

Finartis Group is based in Geneva and manages a diversified pool of assets with investments in stock-listed companies and other investments including private equity and real estate.

As part of the transaction, HMD Investment Partners LP has been renamed FCMH Fund LP.

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ots Originaltext: ESCADA AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Viona Brandt
Tel.: +49 (0)89 9944 1336
E-Mail: viona.brandt@de.escada.com

Branche: Clothing
ISIN:      DE0005692107
WKN:        569210
Index:    SDAX, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-WĂĽrttembergische Wertpapierbörse / free trade
              Börse DĂĽsseldorf / free trade
              Bayerische Börse / official dealing



Weitere Meldungen: ESCADA AG

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