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BELLEVUE GROUP AG (FRA:CH002842) EQS-Adhoc: Bellevue Group AG: Upward revaluation of interest in SIX Group

Transparency directive : regulatory news

06/12/2018 18:42

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EQS Group-Ad-hoc: Bellevue Group AG / Key word(s): Miscellaneous
Bellevue Group AG: Upward revaluation of interest in SIX Group

06-Dec-2018 / 18:42 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Media Release

Küsnacht, December 6, 2018
 

Upward revaluation of interest in SIX Group

SIX Group AG informed its shareholders today that the divestment of its Payment Services unit to Worldline would result in a provisional gain of CHF 2.7 bn for SIX Group AG. Bellevue Group AG holds 1.175% of the shares of SIX Group AG through its subsidiary Bank am Bellevue AG. Applying a discount to reflect the lack of liquidity and taking into consideration deferred taxes, Bellevue Group AG calculates that this revaluation will increase the fair value of its interest in SIX Group AG by about CHF 23 mn to a total of CHF 43.8 mn. This remeasurement gain must be recognized directly in equity as other comprehensive income. Reported equity of Bellevue Group AG as of June 30, 2018 amounted to
CHF 170 mn.

SIX Group AG announced that it would finalize its calculations in January 2019. This may have an impact on the future measurement of our interest in the company.

The annual report for 2018 will be published on February 26, 2019.

Contact:

Media / Investor Relations: Daniel Koller, CFO
Telephone +41 44 267 67 00, Fax +41 44 267 67 01, ir@bellevue.ch



End of ad hoc announcement
Language: English
Company: Bellevue Group AG
Seestraße 16
8700 Küsnacht
Switzerland
Phone: +41 44 267 67 00
Fax: +41 44 267 67 01
E-mail: info@bellevue.ch
Internet: www.bellevue.ch
ISIN: CH0028422100
Valor: A0LG3Z
Listed: SIX Swiss Exchange

 
End of Announcement EQS Group News Service

755331  06-Dec-2018 CET/CEST

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