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Press Releases from ADC African Development Corporation GmbH & Co. KGaA (10 total)

ADC's investment, Union Bank of Nigeria (UBN), announces positive first half yea …

ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African banking group focused on the frontier markets of sub-Saharan Africa, announces the strong second quarter performance of Union Bank of Nigeria ('UBN'), ADC's banking asset in Nigeria. UBN delivered H1 2012 results driven by growth in net fee income and lower operating costs. At the bank level, UBN reversed last year's loss of EUR 219.1 million

ADC's associate, BancABC reports very strong half-year results

15.08.2012 ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African banking group focused on the frontier markets of sub-Saharan Africa, is pleased to announce that its 50.4% owned associate BancABC achieved strong results for the half-year ended 30 June 2012. The results were largely driven by significant growth in income on the back of the expansion of retail banking. Pre-tax profits grew to BWP 96

ADC takes over majority of BancABC ++ Suspension of share buyback program

14.08.2012 Dissemination of an Ad hoc announcement according to § 15 WpHG ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African banking group focused on the frontier markets of sub-Saharan Africa, is pleased to announce that it has now become the majority shareholder in ABC Holdings Limited ('BancABC') with a shareholding of 50.4% as a result of the underwriting of BancABC's recently finished rights offer.

ADC African Development: ADC's newest investment, Union Bank Nigeria, reports a …

ADC African Development Corporation GmbH & Co. KGaA: ADC's newest investment, Union Bank Nigeria, reports a EUR 30 million net profit in Q1 2012 ++ Douglas Munatsi installed as ADC board representative 06.08.2012 ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African banking group focused on the frontier markets of sub-Saharan Africa, is pleased to announce that its newest investment, Union Bank of Nigeria plc.

Resolution Health awarded Medical Insurance Provider of the Year 2012

ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African banking group focused on the frontier markets of sub-Saharan Africa is pleased to announce that its portfolio company, Resolution Health East Africa Limited (RHEAL), won two awards at the Kenyan annual insurance awards ceremony in Nairobi. RHEAL was the winner of the Medical Insurance Provider of the Year award and the runner up for the

ADC successfully places EUR 40m bonds with warrants attached

ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African banking group focused on the frontier markets of sub-Saharan Africa is pleased to announce that it has successfully placed its EUR 40 million bonds with warrants attached both with existing shareholders and new investors. The bonds with warrants attached will be listed on the Frankfurt Stock Exchange with the ISIN DE000A1PGNY4 once all approvals from the

ADC African Development Corporation GmbH & Co. KGaA: Q1 Report 2012

ADC publishes Q1 Report 2012 ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African Banking Group focused on the frontier markets of sub-Saharan Africa has published its interim report for the first quarter of 2012. In Q1 2012, ADC earned consolidated revenues and other income of EUR 784k versus EUR 516k in Q1 2011. The group recognized non cash-relevant EUR 7.2 million in fair value losses

ADC African Development Corporation GmbH & Co. KGaA: ADC exits shareholding in E …

ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast growing financial services group focusing on the frontier markets of sub-Saharan Africa, has successfully negotiated an exit for its 11.5% shareholding in Ecobank Zimbabwe for USD 5.2 million equaling approx. EUR 4.0 million. As of 30 September 2011, ADC had valued its shareholding in Ecobank Zimbabwe at EUR 1.25 million, so this transaction results in a realized profit of EUR 2.75

ADC exits shareholding in Ecobank Zimbabwe ++ Realized profit of EUR 2.75 millio …

ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast growing financial services group focusing on the frontier markets of sub-Saharan Africa, has successfully negotiated an exit for its 11.5% shareholding in Ecobank Zimbabwe for USD 5.2 million equaling approx. EUR 4.0 million. As of 30 September 2011, ADC had valued its shareholding in Ecobank Zimbabwe at EUR 1.25 million, so this transaction results in a realized profit of EUR 2.75

ADC successfully places a capital increase against cash contributions of 764,614 …

ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast growing financial services group focusing on the frontier markets of sub-Saharan Africa, has successfully closed a capital increase which was resolved on 07 December 2011, raising EUR 9.2 million for further acquisitions and investments. A total of 764,614 new shares were issued by partial utilization of the authorized capital. A portion of the shares were sold to existing investors while the

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