Wiesloch, 15th December 2009 - As communicated today, the insurance company Barmenia is acquiring a stake of six percent in MLP AG from Swiss Life thus taking Swiss Life’s holding in MLP to 9.9 percent. The Executive Board of MLP welcomes the reduction in the stake held by Swiss Life as well as the acquisition of these shares by Barmenia.
“MLP and Barmenia share a longstanding and trusting relationship,” comments Dr. Uwe Schroeder-Wildberg, Chief Exceutive Officer of MLP AG. “At the same time, we expressly welcome the reduction in Swiss Life’s stake in MLP to under ten percent which we have been calling for from the beginning.”
As an independent broker, MLP is legally obliged to inform new clients of any stake held by a product partner that exceeds ten percent. Today’s change means that all insurers now lie below this threshold.
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