DGAP-News: ADC African Development Corporation GmbH & Co. KGaA / Key word(s): Miscellaneous ADC publishes February edition of its monthly letter to the shareholders: Sale of Ecobank Zimbabwe contributes EUR 2.75 mio. to year end results ++ Major shareholder Trafigura increases its stake to above 25% ++ Very positive outlook for 2012
10.02.2012 / 10:33
CORPORATE NEWS Frankfurt am Main, 10 January 2012
ADC publishes December edition of its monthly letter to the shareholders
Frankfurt am Main, 10 February 2012 - ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast growing financial services group focusing on the frontier markets in sub-Saharan Africa, is pleased to direct your attention to the current shareholder letter published on ADC's website under the following link:
http://www.african-development.com/files/20120209_adc_aktion__rsbrief_eng. pdf
Key take-aways: __Sale of Ecobank Zimbabwe contributes EUR 2.75 mio. to year end results __Major shareholder Trafigura increases its stake to above 25% __Increase of ADC's stake in RSwitch to 88.5% due to conversion of loans into equity __Advisory business starts creating additional earnings Very positive outlook for 2012
ABOUT ADC ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol: AZC.GR), was established in September 2007 and quickly positioned itself as one of the leading investors for banks and insurance companies in the above-average growth markets of sub-Saharan Africa. The company's success is primarily due to its local management team, which follows international best practice principles to further develop banks and implements conventional international processes to in-crease their profitability. As the second international emerging market investor in the world, ADC was integrated into the insurance solution offered by the Multilateral Investment Guarantee Agency ('MIGA'), a member of the World Bank Group, primarily due to its strong operational approach and adherence to the highest ethical standards. This insurance offers protection against a variety of political risks, in particular the risk of radical political change.
Contact: Investor Relations investor-relations@african-development.com T +49 69 719 12 80 119
End of Corporate News
10.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: ADC African Development Corporation GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 69 719 12 80 00
Fax: +49 69 719 12 80 011
E-mail: info@african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
156255 10.02.2012

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