ProCredit Holding AG & Co. KGaA discloses the completion of the announced change in the composition of its core shareholder base

The European Bank for Reconstruction and Development’s (EBRD’s) acquisition of the International Finance Corporation’s shares (IFC’s) in ProCredit Holding AG & Co. KGaA and ProCredit General Partner AG, announced on 17 March 2023, has been successfully completed.

Under the terms of the two share purchase agreements, the EBRD acquired 9.9% of IFC’s shares in ProCredit General Partner AG, which is the sole general partner of ProCredit Holding, as well as IFC’s remaining 5.06% of the limited partner shares in ProCredit Holding. The EBRD thus replaces IFC as the core shareholder of ProCredit Holding and now holds 8.7% of the group’s share capital. In addition to EBRD, the core shareholder base of the group consists of Zeitinger Invest, Kreditanstalt für Wiederaufbau (KfW), DOEN Participaties and ProCredit Staff Invest.

The entry of EBRD into the core shareholder base further strengthens the group’s business focus, in particular its commitment to impact orientation and the responsible provision of banking services to small and medium enterprises with an emphasis on South Eastern and Eastern Europe.

Hubert Spechtenhauser, Chair of the Management Board of ProCredit General Partner AG, commented on the successful transaction: “We are very pleased that we can now officially welcome EBRD as one of our most important partners to the circle of core shareholders and strategic investors. We have already worked together in the past to support small and medium-sized enterprises in South Eastern and Eastern Europe. We are therefore united in advancing our mission of having a positive economic and social impact on the countries in our respective areas of activity. At the same time, we would like to further expand our initiatives to combat climate change together in support of achieving the goals of the Paris Climate Agreement. We would like to expressly thank IFC for its invaluable support. As a core shareholder, it has played a vital role in developing the group since the very beginning.

Contact:

Christian Edgardo Dagrosa, Investor Relations, ProCredit Holding, Tel.: +49 69 951 437 0, e-mail: pch.ir@procredit-group.com

Andrea Kaufmann, Group Communications, ProCredit Holding, Tel.: +49 69 951 437 138,
E-mail: Andrea.Kaufmann@procredit-group.com

About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The core shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), KfW, the Dutch DOEN Participaties BV and, since very recently, the European Bank for Reconstruction and Development. As the superordinated company in accordance with the German Banking Act and as parent financial holding company of the ProCredit financial holding group, ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank. For additional information, visit: www.procredit-holding.com.