from Corestate Capital Holding S.A. (isin : LU1296758029)
EQS-Adhoc: Corestate Capital Holding S.A.: Corestate discontinues banking business and returns securities trading bank license
EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Strategic Company Decision/Miscellaneous
Corestate Capital Holding S.A.: Corestate discontinues banking business and returns securities trading bank license
27-Sep-2023 / 13:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Corestate discontinues banking business and returns securities trading bank license
Luxembourg, 27 September 2023 – As part of the Group's consistent strategic focus on asset management, the Management Board of Corestate Capital Holding S.A. ("Corestate") today decided to discontinue the prudentially regulated business of Corestate Bank GmbH and to initiate the return of its license as a securities trading bank with BaFin. Based on preliminary figures, the remaining goodwill of Corestate Bank GmbH amounted to approximately € 13.1m as of 31 December 2022 after impairment during 2022. In the course of the discontinuation of the bank's operations, this goodwill will be fully impaired.
Notifying person:
Dr. Kai Gregor Klingerx
Chief Markets Officer
T: +49 69 3535630107
M: +49 152 22755400
ir@corestate-capital.com
End of Inside Information
27-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Corestate Capital Holding S.A. |
| 4 Rue Jean Monnet | |
| 2180 Luxembourg | |
| Luxemburg | |
| Phone: | +49 69 3535630-107 |
| Fax: | +49 69 3535630-299 |
| E-mail: | IR@corestate-capital.com |
| Internet: | www.corestate-capital.com |
| ISIN: | LU1296758029 |
| WKN: | A141J3 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1735873 |
| End of Announcement | EQS News Service |
1735873 27-Sep-2023 CET/CEST