DGAP-Adhoc: Subsidiary 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

2021. december 01., szerda, 03:35





DGAP-Ad-hoc: Adler Group S.A. / Key word(s): Disposal/Miscellaneous


Subsidiary 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


01-Dec-2021 / 03:35 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.




Publication of a notice pursuant to Article 17 (1) of the Market Abuse Regulation (Regulation (EU) No. 596/2014)



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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.



Notifying Person:

Colleen Yorke, Legal Counsel

+49 30 403 907 543

c.yorke@adler-group.com



Berlin, 1 December 2021



ADLER Real Estate Aktiengesellschaft

Management Board











01-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Adler Group S.A.

1B Heienhaff

1736 Senningerberg

Luxemburg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: investorrelations@adler-group.com
Internet: www.adler-group.com
ISIN: LU1250154413
WKN: A14U78
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







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