EQS-Adhoc: Bellevue Group AG: Upward revaluation of interest in SIX Group
Küsnacht, December 6, 2018
Upward revaluation of interest in SIX Group
SIX Group AG informed its shareholders today that the divestment of its Payment Services unit to Worldline would result in a provisional gain of CHF 2.7 bn for SIX Group AG. Bellevue Group AG holds 1.175% of the shares of SIX Group AG through its subsidiary Bank am Bellevue AG. Applying a discount to reflect the lack of liquidity and taking into consideration deferred taxes, Bellevue Group AG calculates that this revaluation will increase the fair value of its interest in SIX Group AG by about CHF 23 mn to a total of CHF 43.8 mn. This remeasurement gain must be recognized directly in equity as other comprehensive income. Reported equity of Bellevue Group AG as of June 30, 2018 amounted to CHF 170 mn. SIX Group AG announced that it would finalize its calculations in January 2019. This may have an impact on the future measurement of our interest in the company. The annual report for 2018 will be published on February 26, 2019.
Media / Investor Relations: Daniel Koller, CFO Telephone +41 44 267 67 00, Fax +41 44 267 67 01, firstname.lastname@example.org
End of ad hoc announcement Language: English Company: Bellevue Group AG Seestraße 16 8700 Küsnacht
Switzerland Phone: +41 44 267 67 00 Fax: +41 44 267 67 01 E-mail: email@example.com Internet: www.bellevue.ch ISIN: CH0028422100 Valor: A0LG3Z Listed: SIX Swiss Exchange End of Announcement EQS Group News Service
755331 06-Dec-2018 CET/CEST