TAG Immobilien AG: Rolf Elgeti transfers his private real-estate investments to trustees

TAG Immobilien AG / Key word(s): Miscellaneous

16.10.2013 / 16:09


Rolf Elgeti transfers his private real-estate investments to trustees

- Specific legal and tax structure to be realised by the turn of the year

- Clear commitment to TAG Immobilien AG

Hamburg (16 October 2013) - Rolf Elgeti, CEO of TAG Immobilien AG, has decided to transfer his private real estate investments into trustee relationships by the turn of the year. The legal details of this transfer will be fine-tuned in the weeks ahead and are to be finalised by the end of the year. By taking this step, Elgeti signals a clear commitment to his role as CEO of TAG Immobilien AG: 'The shareholders, tenants, partners and employees of TAG have been and continue to be the focus of my professional interest since I took office. To make this perfectly clear, I will hand over the management of my private real estate investments.'

Mr Elgeti further states: 'Prior to my appointment as CEO of TAG Immobilien AG, I was an independent businessman and a consultant on the purchase and management of real estate. Most of my holdings, with a wide range of partners, date from this period. These holdings were a key part of my compensation for these activities. In June 2009 I was appointed CEO of TAG at short notice. Before taking office, I disclosed my holdings, and it was part of my agreements with the supervisory board that I would be able to retain these investments as long as this did not involve any conflicts of interest or impede my work as CEO. All investments made since then were also executed with the supervisory board's knowledge and approval. I want to counteract the uncertainty that has arisen with all the means at my disposal and underscore that the future of TAG is my top priority. This is my personal decision and I see it as an unequivocal commitment to TAG.'

Press enquiries:
TAG Immobilien AG
Head of Investor & Public Relations
Dominique Mann
Phone +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 390

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Company:TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Phone:040 380 32 0
Fax:040 380 32 390
ISIN:DE0008303504, XS0954227210
WKN:830350, A1TNFU
Listed:Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart
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