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Pressemitteilung BoxID: 374881 (JDC Group Aktiengesellschaft)
  • JDC Group Aktiengesellschaft
  • Kormoranweg 1
  • 65201 Wiesbaden
  • http://www.jdcgroup.de
  • Ansprechpartner
  • Ralf Funke
  • +49 (611) 890575-0

Aragon sells inpunkto

HVP and inpunkto's management acquire 100% of shares in inpunkto / Aragon presses ahead with focusing on broker pool and premium one-stop financial consulting segments

(lifePR) (Wiesbaden, ) Aragon AG, one of the leading financial sales companies in German-speaking countries, is selling its majority stake in inpunkto AG, Mönchengladbach. The buyers of 70 percent of the share capital are HVP Hanse Vertriebspartner AG, Hamburg, a subsidiary of Hanse Merkur Holding AG, and Alexander Rak, a member of the Management Board and founder of inpunkto. In future, the company's management and HVP will each own 50% of the shares. The new shareholders will continue to manage inpunkto as an independent company and invest further funds in expanding its sales activities. The overall contractual arrangements are still subject to conditions precedent that are expected to be met in January.

Aragon had acquired a majority stake in inpunkto in April 2008. The company subsequently generated very pleasing growth. Due not least to stricter regulation, however, it has become considerably more difficult to sell health insurance policies in the recent past.

"By selling inpunkto, we are further maintaining our course of streamlining our portfolio", commented Dr. Sebastian Grabmaier, CEO of Aragon AG, with regard to the transaction. "In future, we will be focusing on our core investments in the field of one-stop financial services. We already operated very profitably with this strategy through to 2008 ahead of the financial crisis."

Despite this sale, Aragon and inpunkto will nevertheless retain close links. The two companies have agreed to continue working together in selling private health insurance policies. Within this cooperation, Ralph Konrad, CFO at Aragon AG, will join inpunkto's Supervisory Board.

Aragon AG will use the proceeds from the sale to prematurely repay all of its long-term bank liabilities. The parties have agreed to maintain confidentiality concerning the purchase price.

JDC Group Aktiengesellschaft

Aragon AG is a broadly diversified financial services group with two operating segments, Broker Pools and Financial Consulting, and an operating Holding division. Within its segments, Aragon AG operates in the market with several independently acting subsidiaries. The aim is to integrate various sales models under one roof without infringing on the identity of each individual sales operation. This leads to broad diversification across numerous asset classes and distribution channels and, as a result, ensures high earnings stability. Further information about the company and its subsidiaries can be found at www.aragon.ag.