Ad-Hoc Meldung

TAG Immobilien AG's bid for DKB Immobilien AG accepted

TAG Immobilien AG's bid for DKB Immobilien AG accepted

TAG Immobilien AG / Key word(s): Acquisition

 

26.03.2012 12:47

 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted

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

 


 

(Hamburg, 26. March 2012) Deutsche Kreditbank AG (DKB) today accepted TAG

Immobilien AG's bid to buy DKB Immobilien AG. On 29 February 2012, TAG

Immobilien AG ('TAG' in the following) had submitted a binding purchase

offer for DKB Immobilien AG, with a cash component of EUR 160 million. DKB

today announced that all committees have approved the awarding of the deal

to TAG.

 

The purchase price will largely be financed with a capital increase against

cash concluded last week by TAG Immobilien AG. The contract signing and

takeover of shares in DKB Immobilien AG are expected to take place in the

next few days. The transaction will increase TAG's residential property

inventory by some 25,000 units to approx. 56,000 units, and increase the

group's net balance sheet assets to approx. EUR 3 billion.

 

 

 

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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: SDAX

Listed: Regulierter Markt in Frankfurt (Prime Standard), München;

Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,

Stuttgart

 

End of Announcement DGAP News-Service