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DIC Asset AG / Key word(s): Takeover 05-Jun-2019 / 08:30 CET/CEST DIC Asset AG acquires GEG German Estate Group from TTL Real Estate and KKR
Frankfurt am Main, 5 May 2019. DIC Asset AG (WKN: A1X3XX / ISIN: DE000A1X3XX4) has reached an agreement with the current shareholders of German Estate Group GmbH & Co. KG (GEG), TTL Real Estate GmbH and the financial investor KKR on the acquisition of GEG and has entered into a corresponding sale and purchase agreement today. Under this agreement DIC Asset AG will take over the operating activities of the GEG Group. GEG is one of Germany’s leading investment and asset management platforms in the commercial real estate sector. The completion of the sale and purchase agreement (SPA) will in essence occur immediately after the signing of the SPA. District Court Frankfurt am Main HRB 57679 05-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DIC Asset AG |
| Neue Mainzer Straße 20 * MainTor | |
| 60311 Frankfurt am Main | |
| Germany | |
| Phone: | +49 69 9454858-1462 |
| Fax: | +49 69 9454858-9399 |
| E-mail: | ir@dic-asset.de |
| Internet: | www.dic-asset.de |
| ISIN: | DE000A1X3XX4, DE000A1TNJ22, DE000A12T648 |
| WKN: | A1X3XX, A1TNJ2, A12T64 |
| Indices: | S-DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 819555 |
| End of Announcement | DGAP News Service |