ESCADA AG

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

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 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. end of announcement euro adhoc 18.05.2006 14:56:36 -------------------------------------------------------------------------------- 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-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Bayerische Börse / official dealing

Das könnte Sie auch interessieren: