DGAP-Adhoc: DIC Asset AG acquires GEG German Estate Group from TTL Real Estate and KKR

2019. június 05., szerda, 08:30





DGAP-Ad-hoc: DIC Asset AG / Key word(s): Takeover


DIC Asset AG acquires GEG German Estate Group from TTL Real Estate and KKR


05-Jun-2019 / 08:30 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




DIC Asset AG acquires GEG German Estate Group from TTL Real Estate and KKR

Frankfurt am Main, 5 May 2019. DIC Asset AG (WKN: A1X3XX / ISIN: DE000A1X3XX4) has reached an agreement with the current shareholders of German Estate Group GmbH & Co. KG (GEG), TTL Real Estate GmbH and the financial investor KKR on the acquisition of GEG and has entered into a corresponding sale and purchase agreement today. Under this agreement DIC Asset AG will take over the operating activities of the GEG Group. GEG is one of Germany"s leading investment and asset management platforms in the commercial real estate sector. The completion of the sale and purchase agreement (SPA) will in essence occur immediately after the signing of the SPA.

 

Contact:

 

Nina Wittkopf

Head of Investor Relations & Corporate Communications

DIC Asset AG

Neue Mainzer Strasse 20

D-60311 Frankfurt am Main

E-mail: ir@dic-asset.de

Tel.: +49 69 9454858-1462


District Court Frankfurt am Main HRB 57679

VAT ID: DE 233 741 623

Registered office: Frankfurt am Main

 








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Language: English
Company: DIC Asset AG

Neue Mainzer Straße 20 * MainTor

60311 Frankfurt am Main

Germany
Phone: +49 69 9454858-1462
Fax: +49 69 9454858-9399
E-mail: ir@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A1TNJ22, DE000A12T648
WKN: A1X3XX, A1TNJ2, A12T64
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 819555





 
End of Announcement DGAP News Service




819555  05-Jun-2019 CET/CEST







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