EANS-Adhoc: KA Finanz AG /Possibility of future partial absorption of the business of Kommunalkredit Austria AG

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other 11.08.2014

Finanzmarktbeteiligung Aktiengesellschaft des Bundes (FIMBAG), the common shareholder of Kommunalkredit Austria AG (KA) and KA Finanz AG (the Company), will in the next days by way of a public call for tenders invite potentially interested parties to submit expressions of interest for a partial sale of KA in accordance with the EU's amending decision of 19 July 2013. Based on that decision, FIMBAG is authorised to sell the shares in KA held by it to an extent of up to 50% of the assets as at 19 July 2013, i.e. up to a maximum of EUR 5.8 billion. The Company is considering the possibility of absorbing the assets and liabilities of KA exceeding the volume of the partial sale by way of a demerger. Such absorption of assets would take place only in the event of the partial sale of KA being implemented.

ISIN: AT0000441209; XS0140045302; XS0144772927; XS0185015541; XS0257275098; XS0270579856; XS0279423775; XS0286975973; XS0354530916

Stock exchanges: Vienna, Luxembourg

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(END) Dow Jones Newswires

   August 11, 2014 10:50 ET (14:50 GMT)- - 10 50 AM EDT 08-11-14