Announcement

TAG Immobilien AG: Squeeze-out at Bau-Verein zu Hamburg AG successfully completed - TAG Immobilien AG now owns 100 percent of shares

TAG Immobilien AG: Squeeze-out at Bau-Verein zu Hamburg AG successfully completed - TAG Immobilien AG now owns 100 percent of shares


TAG Immobilien AG / Key word(s): Squeeze Out

09.11.2012 / 14:41


Squeeze-out at Bau-Verein zu Hamburg AG successfully completed - TAG Immobilien AG now owns 100 percent of shares

(Hamburg, 9 November 2012) - TAG Immobilien AG ('TAG' in the following) had initiated a 'squeeze-out' process to eliminate minority shareholders at Bau-Verein zu Hamburg Aktien-Gesellschaft (WKN 517900, ISIN DE0005179006) ('Bau-Verein' in the following) in accordance with §§ 327a ff AktG. The Annual General Meeting of Bau-Verein on 29 August 2012 ratified the squeeze-out of minority shareholders for a cash settlement of EUR 4.55 per share. The squeeze-out procedure was successfully concluded with the entry of this resolution in the commercial register on 9 November 2012, and Bau-Verein is now a wholly owned subsidiary of TAG Immobilien AG. Further to this procedure, Bau-Verein shares will be delisted from the Frankfurt Stock Exchange and the Hanseatic Stock Exchange in Hamburg.

Rolf Elgeti, CEO of TAG, comments: 'We are pleased at the successful conclusion of the procedure. This further simplifies TAG's structure and increases transparency for our shareholders. At the same time, we save the considerable costs of listing Bau-Verein.'

Press enquiries:
TAG Immobilien AG
Investor & Public Relations
Britta Wöhner / Dominique Mann
Phone +49 40 380 32 0
Fax +49 40 380 32 390
pr@tag-ag.com



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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir@tag-ag.com
Internet: www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart
>
 
End of News DGAP News-Service

192484  09.11.2012