IVG Deutschland Immobilien AG
Restructuring profit exceeds 30 million Euro
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Stodiek modifies strategy
Restructuring profit exceeds 30 million Euro
Stodiek Europa Immobilien AG, a subsidiary of IVG Immobilien AG, plans to
concentrate on real estate investments in Germany. Therefore important parts
of the non-German real estate holdings are to be concentrated in a Stodiek
subsidiary to be sold afterwards by using the favourable current market
conditions. By the decision to restructure the company made by the Stodiek
Management Board on 21 November 2005, a profit of more than 30 million Euro
will be created for Stodiek AG, which will be eliminated in the consolidated
group accounts. The profit will be especially used to strengthen the equity.
In 2004 Stodiek Europa Immobilien AG had a net profit of 5.8 million Euro.
Stodiek Europa Immobilien AG
Zanderstraße 7
53177 Bonn
Deutschland
ISIN: DE0007276008
WKN: 727600
Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in
Düsseldorf und Stuttgart
End of ad hoc announcement (c)DGAP 21.11.2005
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