DGAP-Ad-hoc: Adler Group S.A. / Key word(s): Disposal/Miscellaneous
Publication of a notice pursuant to Article 17 (1) of the Market Abuse Regulation (Regulation (EU) No. 596/2014)
Subsidiary of ADLER Group, ADLER Real Estate sells a c.7% stake in Brack Capital Properties N.V and grants tender commitment for all its remaining shares in BCP until 30 September 2022
Berlin, 1 December 2021:
Today a subsidiary of ADLER Group S.A. ("ADLER Group"), Adler Real Estate AG ("Adler Real Estate") has sold an approx. 7% stake in Brack Capital Properties N.V. ("BCP") to a subsidiary of LEG IMMOBILIEN SE ("LEG") for a purchase price of EUR 75 million. The purchase price corresponds to the EPRA NAV per share as of September 30, 2021.
In addition, ADLER Real Estate has irrevocably undertaken vis-à-vis LEG to tender its remaining shares as part of a public tender offer by LEG for shares in BCP, provided that the price per share offered is not less than EUR 157.00 (EUR 765 million for the remaining ADLER stake) and that the (first) acceptance period ends no later than 30 September 2022. As consideration, LEG will immediately pay - in addition to the purchase price - a premium of EUR 7.5 million.
Berlin, 1 December 2021
ADLER Real Estate Aktiengesellschaft
01-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Adler Group S.A.|
|Phone:||+352 278 456 710|
|Fax:||+352 203 015 00|
|Indices:||SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX|
|EQS News ID:||1253137|
|End of Announcement||DGAP News Service|
1253137 01-Dec-2021 CET/CEST