DGAP-News: JDC Group AG: Participation by Canadian Great-West Group complete
DGAP-News: JDC Group AG
/ Key word(s): Investment
- Great-West, one of the world's leading financial services providers, has completed ownership control procedures with all relevant supervisory authorities and is now a shareholder in the JDC Group. - Expansion of successful broker pool business and enhancement of digital business segments remain the shared focus.
In March, JDC Group AG (ISIN: DE000A0B9N37; Bloomberg: A8A.GR) announced the signing of an agreement with the Canadian financial services company Great-West Group providing for its Irish holding to acquire a 28 per cent share in the JDC Group AG. Now that the purchase agreements have been approved by supervisory authorities, the strategic partnership is officially finalised. As announced back in March, the management board team at JDC Group, consisting of Dr. Sebastian Grabmaier, Ralph Konrad and Stefan Bachmann, will remain on board for the long term. "We have found the right partner for JDC Group AG in the Great-West Group, which will join us in forging ahead with consolidation of the domestic broker market as well as our digitisation strategy", said Dr. Sebastian Grabmaier, CEO at JDC Group AG, commenting on completion of the transaction. "We are very pleased that the strategic partnership with JDC has now been officially finalised. Along with expanding the pool segment, which has enjoyed several successful years already, going forward we will also work together in tapping into new potentialities, in particular expansion of digital business segments", said Declan Bolger, Chairman of Great-West's Irish holding. About JDC Group AG Disclaimer: You can find further information on the company and affiliates at www.jdcgroup.de. Contact: JDC Group AG Ralf Funke Investor Relations Phone: +49 611 890 5750 Email: [email protected]
25.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | JDC Group AG |
Kormoranweg 1 | |
65201 Wiesbaden | |
Germany | |
Phone: | +49 (0) 611 890 575-0 |
Fax: | +49 (0) 611 890 575-99 |
E-mail: | [email protected] |
Internet: | http://www.jdcgroup.de |
ISIN: | DE000A0B9N37 |
WKN: | A0B9N3 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 897549 |
End of News | DGAP News Service |
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897549 25.10.2019