Ecommerce Alliance AG (ECA) reports the acquisition of 100% of the shares of Mountain Internet AG with head offices in St. Gallen, Switzerland, from Mountain Partners AG. Within the scope of this transaction, which is done in the form of a mixed non-cash contribution, Mountain Partners AG increases its share in Ecommerce Alliance AG from 31.9% to 50.1%. This completes the scheduled majority acquisition by the anchor shareholder Mountain Partners AG as announced on April 24 of this year.

As part of the take-over of Mountain Partners AG by Ecommerce Alliance AG, the board of directors of Ecommerce Alliance AG decided on September 25, 2017 in agreement with the advisory board to increase the share capital of the company, using part of the existing, approved capital 2017/I under exclusion of the purchase right of the shareholders of EUR 2,959,242 to EUR 4,035,330 by issuing 1,076,088 new shares against contributions. The new shares were subscribed in full today by Mountain Partners AG as part of a private placement, who in return bring in 62,564 shares of Mountain Internet AG into Ecommerce Alliance AG. The new shares were issued at EUR 7.50 which is above the average closing price for shares of the company within the past 30 trading days before today and also above the latest closing price of the company’s shares. The newly issued shares will be entitled to dividends as of January 1, 2017.

The remaining 37,436 shares of Mountain Internet AG will be purchased by Ecommerce Alliance AG against a loan by Mountain Partners AG for the purchase price. Mountain Partners AG and Ecommerce Alliance AG have agreed not to disclose the purchase price.

The transaction will substantially increase the portfolio of Ecommerce Alliance AG and will elevate Mountain Partners AG to a leadership position in digital company investments.