EUROHYPO CAPITAL FUNDING TRUST I / Key word(s): Strategic Company Decision 30.03.2012 12:03 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- March 30, 2012 Eurohypo Capital Funding Trust I: Notification for holders of equity-related instruments Ad-hoc notification in accordance with section 15 WpHG (German Securities Trading Act) European Commission changes the requirement of an Eurohypo disposal into a required run-down, decisions concerning organisational implementation have been taken The European Commission today informed the Federal Republic of Germany that it has changed the condition imposed on Commerzbank in 2009 to divest its subsidiary Eurohypo into a condition to run down the company. Accordingly, Commerzbank has to reduce in full both the state financing business (Public Finance) as well as the bulk of the commercial real estate financing (non-core areas Commercial Real Estate) of Eurohypo. Merely a clearly scaled-down part of the commercial real estate financing in Germany, United Kingdom, France, and Poland may be continued. In accordance with the conditions imposed by the European Commission, the non-core activities of Eurohypo (Public Finance and non-core areas in Commercial Real Estate) have to be clearly separated in organisational terms from the core activities (core areas in Commercial Real Estate). The Boards of Managing Directors of Commerzbank and Eurohypo have decided to implement the conditions of the European Commission as follows: The business areas Commercial Real Estate and Public Finance will be realigned in organisational terms. In the future, the non-core activities will be managed in a new group-internal reduction unit named 'Non Core Assets' (NCA). The objective of Commerzbank is to further consistently reduce the portfolios of these non-core activities. The clearly scaled-down commercial real estate business in Germany, United Kingdom, France, and Poland is to be gradually transferred to Commerzbank AG in the coming years. In operational terms, it will be continued in the future as part of the new Commerzbank segment 'Real Estate and Ship Finance' (RES), that will replace the existing segment Asset Based Finance (ABF) as of July 1, 2012. The core activities in the area of Commercial Real Estate will continue to be optimised in terms of its risks and profitability. In accordance with the conditions imposed by the European Commission, the Eurohypo brand has to be given up. While adapting to the changing business framework conditions, Eurohypo will be continued for the time being. The new company name will be announced at a later point in time. The decision by the EU Commission also foresees other conditions: The core-activities in the area of Commercial Real Estate may not exceed a volume of 25 billion euro including the annual maximum new business volume of 5 billion euro through to the end of 2015. The following equity related instrument of Eurohypo Capital Funding Trust I is effected: ISIN XS0169058012, Luxembourg Eschborn, March 30, 2012 Regular Trustee Eurohypo Capital Funding Trust I One Rodney Square, 10th Floor 190801 Wilmington, Delaware Vereinigte Staten von Amerika 30.03.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: EUROHYPO CAPITAL FUNDING TRUST I One Rodney Square, 10th Floor 19801 Wilmington, Delaware United States Phone: - Fax: - E-mail: - Internet: - ISIN: XS0169058012 WKN: 542376 Listed: Freiverkehr in Düsseldorf, Stuttgart; Open Market in Frankfurt; Luxembourg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: EUROHYPO CAPITAL FUNDING TRUST I: European Commission changes the requirement of an Eurohypo disposal into a required run-down, decisions concerning organisational implementation have been taken
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