01/21/2004
Mediolanum State Street SGR
Transfer of Mediolanum's holding to State Street Bank
Europe Ltd
Mediolanum S.p.A. and State Street Bank Europe Ltd have reached an agreement which sees the transfer of 50% of Mediolanum State Street SGR from Mediolanum S.p.A. to State Street Bank Europe Ltd.
With this operation, the London branch of the leading US bank will acquire - after the due statutory authorisations - total control of SGR. The company is set up as a collaboration between the two groups to manage the closed fund "Fondamenta", which is confined to qualified operators in the private equity sector.
The transaction will be concluded on the basis of a price of € 2.7m, in relation to 1,000,000 ordinary shares of € 1 nominal value.
The collaboration between Mediolanum and State Street will continue in other areas, especially in the management of funds in the Mediolanum Challenge series, set up by Mediolanum International Funds Ltd of Dublin.
Milan, January 21, 2004
Mediolanum Group
Media Relations
Roberto Scippa
Tel 02 90492902 - Fax 02 90492345 - mobile 335 8166556
e-mail gmmedia@mediolanum.it
