Lloyd Fonds AG (XTRA:L1OA) entered into an agreement to acquire 90% stake in Lange Assets & Consulting Gmbh from Axel Sven Springer, John Jahr, Oliver Heine and Thomas Lange on December 4, 2018. The transaction is being executed in the form of a combined cash/in kind capital contribution comprising 90% of Lange Assets & Consulting GmbH’s capital against the issuance of new Lloyd Fonds AG shares and payment of an additional cash component. The total sum of all the purchase price components depends on Lange Assets & Consulting GmbH’s earnings as well as the development of the assets under management. The purchase price payments will be made over a period of seven years. Upon performance of the transaction, all shareholders of Lange Assets & Consulting GmbH will become shareholders of Lloyd Fonds AG. The transaction is subject to certain conditions precedent including the successful completion of owner control proceedings by the German Federal Financial Supervisory Authority. The transaction has been approved by the Board of Directors of Lloyd Fonds. The transaction is expected to complete earliest by March 31, 2019. As of September 16, 2019, the transaction is expected to complete in the coming weeks. Lloyd Fonds AG (XTRA:L1OA) completd the acquisition of 90% stake in Lange Assets & Consulting Gmbh on September 16, 2019. The transaction has received the approval from German Federal Financial Supervisory Authority (BaFin) on September 16, 2019.