DGAP-Ad-hoc: Erste Abwicklungsanstalt / Keyword (s): Miscellaneous Erste Abwicklungsanstalt: By judgment of September 29, 2021, the Regional Court of Frankfurt / Main ordered Erste Abwicklungsanstalt A̦R (EAA) to be paid to Portigon AG approx . 1 billion euros. 29-Sep-2021 / 11:54 CET / CEST Disclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP Рa service of EQS Group AG. The issuer is solely responsible for the content of this advertisement.

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By judgment of September 29, 2021, the Regional Court of Frankfurt am Main ordered Erste Abwicklungsanstalt AöR (EAA) to pay Portigon AG approx. 1 billion euros.

In 2012 and following a decision by the European Commission, EAA, in a financial market stabilization operation, took over the risky assets of Portigon AG (formerly WestLB AG). Portigon AG is currently required by the tax authorities to refund refunded / counted tax credits in connection with suspected dividend arbitrage transactions in the amount of approx. 1 billion euros. Portigon AG claims EAA to be free from such tax claims. EAA is convinced that there is no legal basis for such a claim. Therefore, EAA will appeal the decision of the regional court in Frankfurt am Main.

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29-Sep-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases. Archives on www.dgap.de

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Language:     English 
Company:      Erste Abwicklungsanstalt 
              Friedrichstraße 84 
              40217 Düsseldorf 
              Germany 
Phone:        0211 91345 780 
Fax:          0211 91345 789 
E-mail:       [email protected] 
Internet:     www.aa1.de 
Listed:       Regulated Market in Dusseldorf; Regulated Unofficial Market in Frankfurt, Stuttgart; Luxembourg Stock 
              Exchange 
EQS News ID:  1236748 
 
End of Announcement  DGAP News Service 
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1236748 29-Sep-2021 CET / CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1236748&application_name=news

(END) Dow Jones Newswires

September 29, 2021 05:55 ET (09:55 GMT)