Colonia Real Estate AG / Key word(s): Miscellaneous
30.11.2010 22:24
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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TAG Immobilien AG's 25.2% stake requires Colonia Real Estate AG to reverse
deferred tax assets
Cologne, November 30, 2010. Due to TAG Immobilien AG's 25.2% stake in
Colonia Real Estate AG (ISIN DE0006338007; SIN 633800) (hereinafter
'Colonia') the Management Board of Colonia must reverse deferred tax assets
in the amount of approx. EUR 3.8 million.
Pursuant to Section 8c (1) of the Corporation Tax Act
(Körperschaftssteuergesetz - KStG), the company's tax losses not used (tax
loss carryforwards) in the amount of 25.2% can in future no longer be
deducted. As a result, it must reduce deferred tax assets in the same
amount. Even if the reversal of EUR 3.8 million in deferred tax assets has
no effect on liquidity, the consolidated result for Colonia Real Estate AG
will be negatively impacted in the 2010 financial year.
The company also notes that for an acquisition of more than 50% of
Colonia's share capital, none of the tax loss carryforwards could be
deducted.
Management Board
Cologne, November 30, 2010
Colonia Real Estate AG
ZeppelinstraÃe 4-8
D - 50667 Cologne, Germany
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE0006338007
SIN: 633800
About Colonia Real Estate AG
Colonia Real Estate AG is one of the leading listed real estate investment
and management groups in Germany with round about 19,000 residential units
and EUR 2.1 bn Assets under Management.
The Colonia business model is based on two columns. The investment segment
concentrates on high-yield residential property portfolios held for the
company's account and co-investments in commercial and residential
properties together with institutional partners. Second column of the
Colonia business model is the service segment. Here Colonia Real Estate
Solutions GmbH provides all services along the life cycle of a property in
a modular manner.
Contact
Claudia Kellert
Head of Investor Relations & Communication
ZeppelinstraÃe 4-8, 50667 Cologne, Germany
Tel +49. (0)221. 71 60 71-0, Fax +49. (0)221. 71 60 71-99
ir@colonia.ag
Contact:
Claudia Kellert
Head of Investor Relations and Communication
Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Cologne, Germany
Phone +49 (0)221 71 60 71 0
Fax +49 (0) 221 71 60 71 99
E-Mail: ir@colonia.ag
edicto GmbH
Axel Mühlhaus
Phone +49 (0)69 90 55 05 52
E-Mail: amuehlhaus@edicto.de
30.11.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Colonia Real Estate AG
Zeppelinstr. 4 - 8
50667 Köln
Deutschland
Phone: +49 221-716071-0
Fax: +49 221-716071-99
E-mail: ir@colonia.ag
Internet: www.colonia.ag
ISIN: DE0006338007
WKN: 633800
Indices: SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/
NAREIT, E&G DIMAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Hannover, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Colonia Real Estate AG: TAG Immobilien AG's 25.2% stake requires Colonia Real Estate AG to reverse deferred tax assets
| Source: EQS Group AG