DEPFA FUNDING III LP / Key word(s): Miscellaneous
01.10.2010 08:57
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.
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1 October 2010
THE FOLLOWING IS EXTRACTED TEXT FROM AN ANNOUNCEMENT MADE BY DEPFA BANK PLC
(GUARANTOR) ON 1 OCTOBER 2010
'Transfer of assets to FMS Wertmanagement
Dublin, 1 October 2010 - On Thursday, the governing bodies of Hypo Real
Estate Holding AG and its subsidiaries - including DEPFA BANK plc and its
subsidiaries - approved the transfer of assets to FMS Wertmanagement. With
the signing of the relevant contract documentation, the basis for the
transfer of assets to the amount of approximately EUR 200 billion has been
established. The Steering Committee of the German Financial Market
Stabilisation Agency had already approved the transfer on 22 September 2010
and the European Commission gave its provisional approval on 24 September
2010.
Of the transferred assets, approximately 75 percent are from the Depfa sub
group (and approximately 70 percent of these from DEPFA BANK plc) and
approximately 25 percent from Deutsche Pfandbriefbank and its subsidiaries.
Within the framework of the transfer of assets, FMSA has reserved the right
to stipulate a required payment in order to avoid distortion of
competition. With this, the FMSA can, for reasons of fair competition,
reduce the capitalisation of individual legal entities to the required
extent, if the core capital quota of the relevant legal entity is above 15
percent. This payment requirement can be up to a maximum of EUR 1.59
billion and cannot be determined before the year 2011.'
Issued on behalf of DEPFA FUNDING III LP in respect of its listed bonds.
Contact:
Michael O'Hanlon at:
Tel.: +353 1 792 2056
Fax: +353 1 792 2211
mailto:Michael.O'Hanlon@DePfa.com
Web: http://www.hyporealestate.com
John Cox at:
Tel.: +353 1 792 2042
Fax: +353 1 792 2211
mailto:John.Cox@DePfa.com
Web: http://www.hyporealestate.com
01.10.2010 08:57 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DEPFA FUNDING III LP
105 Wigmore Street
W1U 1QY London
GroÃbritannien
Phone: +359 1 792 2222
Fax: +359 1 792 2211
E-mail: info@depfa.com
Internet: www.depfa.com
ISIN: DE000A0E5U85
WKN: A0E5U8
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: DEPFA FUNDING III LP: Transfer of assets to FMS Wertmanagement
| Source: EQS Group AG