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Portigon AG: Expected year end results for 2020 impacted by higher liabilities

·1-min read

Portigon AG / Key word(s): Annual Results
Portigon AG: Expected year end results for 2020 impacted by higher liabilities

21-Dec-2020 / 18:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

 

 

 

Due to various notices of amendment to the tax statements issued by the Düsseldorf Tax Office in connection with dividend arbitrage transactions of former WestLB, the Managing Board is adjusting its forecast with regard to the expected year end results.

The Management Board is now expecting the annual results for 2020 resulting in a loss of approx. 600 Mio €. This loss exceeds more than 50% of the equity capital as per end of 2019.




Contact:
Dr. Carsten Hellinger
Head of Board Secretary
Portigon AG
Voelklinger Str. 4
40219 Duesseldorf
Dr.Carsten.Hellinger@portigon-ag.de
Tel. +49 (0) 211 826 71455

21-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Portigon AG

Völklinger Str. 4

40219 Düsseldorf

Germany

Phone:

+49 (0) 211-826-71455

Fax:

+49 (0) 211-826-2010

E-mail:

Dr.Carsten.Hellinger@portigon-ag.de

Internet:

www.portigon-ag.de

ISIN:

DE0008364902, XS0100256139

WKN:

836490

Listed:

Regulated Unofficial Market in Dusseldorf (Primärmarkt); Luxembourg Stock Exchange

EQS News ID:

1156723


 

End of Announcement

DGAP News Service

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