on VIB Vermögen AG (isin : DE0002457512)
VIB Vermögen AG Completes Merger with BBI Bürgerliches Brauhaus Immobilien AG
VIB Vermögen AG ("VIB") successfully merged with BBI Bürgerliches Brauhaus Immobilien AG ("BBI"), effective October 7, 2024. This follows approvals from both companies' annual general meetings in August. The merger, finalized with a commercial register entry, optimizes VIB's structure and creates cost synergies, aligning with its corporate strategy to solidify its leadership in logistics and office real estate.
BBI's assets now belong to VIB. Minority shareholders of BBI received cash compensation for their shares. Prior to this, VIB held a majority stake of 94.88% in BBI. CEO Dirk Oehme highlighted the merger as a significant strategic milestone for VIB.
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