DGAP-News: ADLER Real Estate AG / Key word(s): Miscellaneous
ADLER Real Estate AG: ADLER Real Estate AG intends to acquire Estavis
AG
10.02.2014 / 18:10
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ADLER Real Estate AG intends to acquire Estavis AG
- Decision about voluntary public takeover offer
- Exchange for new ADLER shares from authorized capital
- Continuation of planned growth
Hamburg, 10 February 2014. ADLER Real Estate AG, Frankfurt/M., (ISIN
DE0005008007), plans the acquisition of control of Estavis AG, Berlin,
(ISIN: DE000A0KFKB3) in the course of a voluntary public takeover offer
according to the German Securities Acquisition and Takeover Act (WpÃG).
With this measure, ADLER primarily wants to acquire a further stake at a
residential real estate portfolio. Management Board and Supervisory Board
of ADLER resolved the relevant decision to make the takeover offer today.
In form of an exchange offer ADLER will offer shareholders of Estavis to
exchange their shares into new shares of ADLER from authorized capital. The
exact exchange ratio will be determined at the latest in the offer
document, which has to be approved by German regulator Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin).
Estavis AG holds residential real estate portfolios in Berlin, Leipzig and
Chemnitz with approx. 2,100 apartments and amongst others holds a stake at
a successfully operating company for privatization of apartments. 'It is
our aim to fully consolidate Estavis, as we see a strong potential for
value improvement at the company', comments Axel Harloff, CEO of ADLER Real
Estate AG.
The transaction is supported by Close Brothers Seydler Bank AG.
For inquiries please contact:
Media: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Phone: +49-(0)40/46 88 33 0
Fax: +49-(0)40/47 81 80
presse@german-communications.com
Investor Relations: Hillermann Consulting
Christian Hillermann
PoststraÃe 14, 20354 Hamburg, Germany
Phone: +49-(0)40/32 02 79 10
Fax: +49-(0)40/32 02 79 114
c.hillermann@hillermann-consulting.de
End of Corporate News
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Language: English
Company: ADLER Real Estate AG
Alstertor 17
20095 Hamburg
Germany
Phone: +49 (0)40 - 29 8130-0
Fax: +49 (0)40 - 29 8130-35
E-mail: info@adler-ag.com
Internet: www.adler-ag.com
ISIN: DE0005008007, DE000A1R1A42,
WKN: 500800, A1R1A4
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg
End of News DGAP News-Service
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251953 10.02.2014
DGAP-News: ADLER Real Estate AG: ADLER Real Estate AG intends to acquire Estavis AG
| Source: EQS Group AG