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ESCADA AG

euro adhoc: ESCADA AG
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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

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

Plus de actualités: ESCADA AG
Plus de actualités: ESCADA AG