PRESS RELEASE

from TTL Information Technology AG (isin : DE0007501009)

EQS-Adhoc: TTL Beteiligungs- und Grundbesitz AG sells shares in Montano Real Estate GmbH

EQS-Ad-hoc: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal
TTL Beteiligungs- und Grundbesitz AG sells shares in Montano Real Estate GmbH

10-Sep-2024 / 14:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


TTL Beteiligungs- und Grundbesitz AG sells shares in Montano Real Estate GmbH

Munich, September 10, 2024 - As last communicated at the Annual General Meeting on August 30, 2024, the Management Board of TTL Beteiligungs- und Grundbesitz-AG (“TTL”, “TTL AG”) (ISIN DE0007501009) does not currently expect a significant recovery in the German commercial real estate market before the end of 2024.

Against this background, the company's Management Board and Supervisory Board have decided to focus TTL's investment portfolio on the most important investment in Branicks Group AG, which has recently undergone a successful restructuring, and thus consistently secure the company's financial and liquidity position.

TTL's shares in Montano Real Estate GmbH were sold to the two existing shareholders Ramin Rabeian and Sebastian Schöberl as part of a sales process.

Notifying person
Theo Reichert
Chairman of the Executive Board
Phone: +49 89 381611-0
Email: presse@ttl-ag.de

Contact for investors and press
Kornelia Kneissl
K2K GmbH
Phone 49 151 56596120
Email: presse@ttl-ag.de

 



End of Inside Information

10-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:English
Company:TTL Beteiligungs- und Grundbesitz-AG
Maximilianstraße 35C
80539 München
Germany
Phone:+49 (0)89 381611-0
Fax:+49 (0)89 3915-92
E-mail:sekretariat@ttl-ag.de
Internet:www.ttl-ag.de
ISIN:DE0007501009
WKN:750100
Listed:Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1985307

 
End of AnnouncementEQS News Service

1985307  10-Sep-2024 CET/CEST

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