Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Miscellaneous Heliad Equity Partners GmbH & Co. KGaA, Frankfurt am Main (ISIN: DE000A0L1NN5), has received approval from the Federal Financial Supervisory Authority (BaFin) to acquire a total stake of 15 % in Varengold Wertpapierhandelsbank AG, a company listed in the Entry Standard (ISIN:DE0005479307) ('Varengold'). All conditions precedent governing the transaction that was initiated last year, have therefore now been met. Founded by its current management team in 1995, Varengold is a pioneer in the asset management field of managed futures in Germany and has in recent years built up a successful niche position as a CFD/Forex broker and service provider. Today, the company can point to a long track record of growth and has already demonstrated its highly scalable business model and resultant substantial earnings potential in individual financial years. Heliad sees the company's future in particular in its newly incepted public funds, innovative investment platform and CFD/Forex services. With its network and capital, Heliad will be accompanying Varengold's expansion in its two business fields.
About Heliad
Heliad is an investment company that supports companies in growth and change phases
Contact: End of Corporate News 21.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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: | Heliad Equity Partners GmbH & Co. KGaA | |
Grüneburgweg 18 | ||
60322 Frankfurt am Main | ||
Germany | ||
Phone: | +49 69 71 91 59 65 0 | |
Fax: | +49 69 71 91 59 65 11 | |
E-mail: | info@heliad.com | |
Internet: | www.heliad.com | |
ISIN: | DE000A0L1NN5 | |
WKN: | A0L1NN | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Stuttgart | |
End of News | DGAP News-Service |
157562 21.02.2012 |