Financial news

DGAP-Adhoc: Bellevue Group AG: Upward revaluation of interest in SIX Group (english)

06/12/2018 - 18:42


    Bellevue Group AG: Upward revaluation of interest in SIX Group

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EQS Group-Ad-hoc: Bellevue Group AG / Key word(s): Miscellaneous
Bellevue Group AG: Upward revaluation of interest in SIX Group

06-Dec-2018 / 18:42 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Media Release

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.

Contact:

Media / Investor Relations: Daniel Koller, CFO
Telephone +41 44 267 67 00, Fax +41 44 267 67 01, ir@bellevue.ch


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End of ad hoc announcement

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   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:      info@bellevue.ch
   Internet:    www.bellevue.ch
   ISIN:        CH0028422100
   Valor:       A0LG3Z
   Listed:      SIX Swiss Exchange



   End of Announcement    EQS Group News Service
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755331 06-Dec-2018 CET/CEST

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