ADLER Real Estate AG
ADLER Real Estate AG: ADLER Real Estate AG indirectly acquires 24.79 percent stake in conwert Immobilien Invest SE
ADLER Real Estate AG / Key word(s): Investment 17.08.2015 15:28 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication in Accordance with § 15 of the Securities Trading Act ADLER Real Estate AG indirectly acquires 24.79 percent stake in conwert Immobilien Invest SE Hamburg, 17 August, 2015. ADLER Real Estate Aktiengesellschaft ("ADLER", ISIN: DE0005008007/ WKN: 500800), Frankfurt/M. has acquired all the shares in MountainPeak Trading Limited for a total consideration of around EUR 285 million. MountainPeak, a holding company owned by the entrepreneur Teddy Sagi, holds 24.79 percent in the share capital of conwert Immobilien Invest SE, Vienna, one of the leading real estate holding companies in Germany and Austria which holds residential and commercial real estate in both countries. With this strategic investment, ADLER further pursues its growth strategy to become a leading residential real estate company in Germany. This strategic participation is fully funded. As part of the purchase price, ADLER will issue a mandatory convertible bond in an amount of EUR 175 million, a coupon of 0.5%, and a conversion price of EUR 16.50 per ADLER share over a three year term. The mandatory convertible bond is conditional upon ADLER's shareholders' meeting and passing the necessary resolution for the creation of the corresponding conditional capital. For this purpose, ADLER has agreed to convene an extraordinary shareholders' meeting in due course. The Management Board For inquiries please contact: PRESSE: german communications dbk ag Jörg Bretschneider Milchstr. 6 B, 20148 Hamburg Tel.: 040/46 88 33 0, Fax: 040/47 81 80 presse@german-communications.com INVESTOR RELATIONS: Hillermann Consulting Christian Hillermann Poststraße 14, 20354 Hamburg Tel.: 040/32 02 79 10, Fax: 040/32 02 79 114 c.hillermann@hillermann-consulting.de 17.08.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADLER Real Estate AG Herriotstr. 5 60528 Frankfurt am Main Germany Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-99 E-mail: info@adler-ag.com Internet: www.adler-ag.com ISIN: DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02 WKN: 500800, A14J3Z, A1R1A4, A11QF0 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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