DFV Familienversicherung AG Enhances Profitability and Flexibility

DFV Deutsche Familienversicherung AG is set to delist from the Frankfurt Stock Exchange. This move is part of a strategic agreement with Haron Holding S.A., which will offer shareholders EUR 6.60 per share in a voluntary public takeover. If the minimum price set by BaFin exceeds this offer, the final price will be adjusted accordingly.

The delisting aims to provide DFV with more strategic flexibility and save approximately EUR 2.5 million annually. The company aims to file for effective delisting by the end of 2024. The decision will alleviate reporting obligations that hinder profitability and resource allocation towards strategic growth.

Trading on the regulated market imposes significant financial and personnel burdens on DFV. These include complying with extensive reporting and notification requirements and preparing financial statements under international standards.