Lloyd Fonds AG (XTRA:L1OA) entered into an agreement to acquire Bayerische Vermögens-Gruppe on November 18, 2021. The acquisition of shares in the Bayerische Vermögens-Gruppe takes place in part against the issue of new shares in Lloyd Fonds AG plus a cash component, or in part exclusively against payment of a cash component. First, Lloyd Fonds AG has secured a stake of almost 50% in the company's share capital by concluding shareholder agreements. In a second step, all other free shareholders of the Bayerische Vermögens-Gruppe are to be offered the acquisition of their shares for a cash payment of ?63.5 per share as part of a voluntary public offer, in order to achieve a minimum participation quota of 90%. The cash payment is made from Lloyd Fonds AG's own funds and by taking out an acquisition loan from a German financial institution. The completion of the takeover of the majority of the shares in BV Holding AG is subject to the positive conclusion of the owner control procedure that was initiated at the BaFin. The Board of Management and Supervisory Board of the Bayerische Vermögen Group fully support the takeover by Lloyd Fonds AG and will participate in the planned non-cash capital increase with the shares they hold. Stefan Mayerhofer, member of the Management Board of BV Holding AG, is to be appointed to the Management Board of Lloyd Fonds AG by the Supervisory Board upon completion of the transaction. Alexander Gröbner will be named Divisional Director of Lloyd Fonds AG at the closing.

Lloyd Fonds AG (XTRA:L1OA) completed the acquisition of Bayerische Vermögens-Gruppe on October 5, 2022