Press | Press Releases | Press releases 1997 | Aachener und Münchener | General Meeting of Shareholders approves control agreement
General Meeting of Shareholders approves control agreement
Aachen.- The Extraordinary General Meeting of Shareholders of Aachener und Münchener Lebensversicherung AG held in Aachen this Monday has approved the proposed control agreement with AMB Aachener und Münchener Beteiligungs-Aktiengesellschaft. More than 99.8 percent voted in favour of the control agreement. Dr. Michael Kalka, chairman of the Managing Board of AM Leben, had given mainly economical reasons for the conclusion of the control agreement. „Only the insurance companies which due to their operative size or integration in a group are able to react quickly to changes in market conditions will remain competitive in the long run“, said Dr. Kalka.
The control agreement permitted to realise group synergy potentials, he added. It meant „closer co-operation and making use of synergy effects within the group while maintaining the independence of the brands“, Dr. Kalka explained.
The control agreement permitted to realise group synergy potentials, he added. It meant „closer co-operation and making use of synergy effects within the group while maintaining the independence of the brands“, Dr. Kalka explained.
Aachen, September 1, 1997
