euro adhoc: ESCADA AG
Swiss finance group Finartis takes control of ESCADA┬ĺs largest shareholder HMD Investment Partners LP

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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 ┬ĹEuropean New Horizon (ENH)┬ĺ has acquired 100% control of ESCADA AG's largest shareholder, HMD Investment Partners LP, from HMD Partners. HMD Partners had lately been ESCADA┬ĺs 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
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Further inquiry note:
Viona Brandt
Tel.: +49 (0)89 9944 1336

Branche: Clothing
ISIN:      DE0005692107
WKN:        569210
Index:    SDAX, CDAX, Classic All Share, Prime All Share
B├Ârsen:  Frankfurter Wertpapierb├Ârse / official dealing/prime standard
              B├Ârse Berlin-Bremen / free trade
              Hamburger Wertpapierb├Ârse / free trade
              Baden-W├╝rttembergische Wertpapierb├Ârse / free trade
              B├Ârse D├╝sseldorf / free trade
              Bayerische B├Ârse / official dealing

Weitere Meldungen: ESCADA AG

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