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DIC Asset AG / Key word(s): Investment/Disposal 06-Dec-2018 / 12:50 CET/CEST DIC Asset AG Group has, after the increase of its own position, signed today with Ouram Holding S.à.r.l. (“Ouram”) and Bedrock Group (“Bedrock”) agreements with a view to the disposal of shares in TLG IMMOBILIEN AG amounting in the aggregate to 14% for a purchase price which is higher than the current stock exchange price. The total purchase price has magnitude of approximately EUR 376,000,000, the resulting substantial profit goes directly into the balance sheet profit of DIC Asset AG Group. The agreement with Ouram relates to a 6% stake, the agreement with Bedrock to a stake of 8% in TLG IMMOBILIEN AG. Closing of the transactions is expected to take place at the end of the first quarter/beginning of the second quarter 2019 at the latest. The proceeds will be used for the growth of the business of DIC Asset AG. Contact: 06-Dec-2018 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 |
| End of Announcement | DGAP News Service |