Prelios Deutschland GmbH
B&L Immobilien AG english
B&L Immobilien AG plans capital increase
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
B&L Immobilien AG plans capital increase
Hamburg, May 17, 2002 – B&L Immobilien AG (SIN 765 950) has confirmed its
intention to raise the share capital from authorized capital. With a resolution
of December 22, 1999 the Annual Shareholders’ Meeting authorized the Management
Board to raise capital against cash contributions. Following the acquisition of
equity stakes in the LEG Group and HGL last year, the Management Board and
Supervisory Board have stated their intention to carry out a capital increase in
the near future, subject to market conditions, under the joint-lead management
of SG Investment Banking and WestLB Panmure.
Information and explanations on this ad-hoc statement by the issuing company
B&L Immobilien AG is listed for official trading on the German stock market. The
company’s object is the management, development, buy and sell of shopping
malls as well as commercial and residential properties. The company covers the
entire real estate value chain. In spring 2001 the company acquired an equity
stake in LEG Schleswig-Holstein Landesentwicklungsgesellschaft mbH and in
December 2001 in Heimstätten Gesellschaft mbH Lübeck (HGL) which are housing
companies with more than 22.000 units in total. In fiscal year 2001 B&L
Immobilien AG posted an EBDT of 18.8 million euros and consolidated net income
of 11.9 million euros for total revenues of 57.9 million euros.
Should you require further details, please contact:
Dr. Hans Hellberg
B&L Immobilien AG
Kajen 12
D-20459 Hamburg
Tel: +49 (40) 37 660-0
Fax: +49 (40) 37 660-111
contact@bl-ag.de
http://www.bl-ag.de
end of ad-hoc-announcement (c)DGAP 17.05.2002
——————————————————————————–
WKN: 765950; ISIN: DE0007659500; Index:
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin und München
170802 Mai 02
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found