VOLKSWAGEN FINANCIAL SERVICES AG / Key word(s): Miscellaneous
01.11.2016 16:44
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Today, the supervisory board of Volkswagen Financial Services AG approved a
reorganization measure of the Volkswagen Financial Services Group.
Volkswagen Bank GmbH, which is currently a subsidiary of Volkswagen
Financial Services AG, shall become a direct subsidiary of Volkswagen AG by
way of a spin-off, providing consolidation of banking activities relevant
to European Central Bank authority and allowing for the separate regulation
of European banking activities from other financial services provided by
the Volkswagen Financial Services Group. The aim of such reorganization is
improved transparency for the regulatory authority and increased
efficiency. The implementation of this measure is subject to the approval
of the supervisory board of Volkswagen AG.
Contact person: Marc Schwekendiek, General Counsel
01.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: VOLKSWAGEN FINANCIAL SERVICES AG
Gifhorner Str. 57
38112 Braunschweig
Germany
Phone: +49 (0)531 / 212-3888
Fax: +49 (0)531 / 212-3531
E-mail: info@vwfs.com
Internet: www.vwfs.de
ISIN: XS1216646825, XS1216647716
WKN: 780515 , 780516
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market
in Frankfurt; Mailand, Luxemburg
End of Announcement DGAP News-Service
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DGAP-Adhoc: VOLKSWAGEN FINANCIAL SERVICES AG: Reorganization of Volkswagen Financial Services Group
| Source: EQS Group AG