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
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.'
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|Company:||TAG Immobilien AG|
|Phone:||040 380 32 0|
|Fax:||040 380 32 390|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart|
|End of News||DGAP News-Service|