DFV Deutsche Familienversicherung AG to Be Delisted From Frankfurt Stock Exchange

Reason for Delisting: Acquisition by Viridium Group

Frankfurt am Main, Germany – Insurance company DFV Deutsche Familienversicherung AG will be delisted from the Frankfurt Stock Exchange (FSE) on August 11, 2023, following its acquisition by Viridium Group. The delisting decision was approved by the FSE's Listing Committee, and DFV's shares will be withdrawn from trading at the close of business on August 10, 2023.

Impact of Delisting on Shareholders

The delisting will not affect the rights of existing DFV shareholders, who will continue to own shares in the company, which will become a wholly-owned subsidiary of Viridium Group. However, the delisting will make it more challenging for shareholders to trade their shares and may affect the liquidity of their investment.

Acquisition by Viridium Group

In May 2023, Viridium Group, a Portuguese insurance and financial services provider, announced its acquisition of DFV for approximately €580 million. The acquisition was part of Viridium's strategy to expand its international presence and strengthen its position in the German insurance market.

Future Plans for DFV

Viridium Group has stated its commitment to supporting DFV's continued growth and development. The company plans to invest in DFV's digital transformation and expand its product offerings. DFV will also continue to focus on providing high-quality insurance products and services to its customers.

Conclusion

The delisting of DFV Deutsche Familienversicherung AG from the Frankfurt Stock Exchange is a significant event for the company and its shareholders. The delisting will impact the liquidity of DFV shares, but it will not affect the rights of existing shareholders. Viridium Group's acquisition of DFV is expected to provide the company with new opportunities for growth and development.