Having obtained the necessary regulatory and administrative authorizations, Fimalac has completed the sale of 30% of Fitch Group for $1,989.5 million. Thanks to the dollar's appreciation against the euro since the planned sale was announced on December 12, 2014, the price in euros now stands at €1,875 million, compared with €1,604 million converted at the December 12 exchange rate.

Following the transaction, Fimalac will continue to own 20% of Fitch Group and will retain significant governance rights as previously mentioned. In particular, Marc Ladreit de Lacharrière will continue to serve as Chairman of Fitch Group's Board of Directors and President of its Strategy Committee until 2020.

Fimalac is a diversified group with interests in the financial services, digital, entertainment, hotels and leisure and real estate sectors. Each of these businesses offers numerous development opportunities. The Group will use its significant financial resources to further develop the businesses, focusing primarily on the digital and entertainment segments, while  also holding firm to its current dividend policy.

Paris, March 12, 2015.

Cesfitchan:
http://hugin.info/143461/R/1903006/676758.pdf


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Source: FIMALAC via Globenewswire
HUG#1903006