News Detail - DIC Assets

DIC Asset AG acquires GEG German Estate Group from TTL Real Estate and KKR

DIC Asset AG / Key word(s): Takeover
DIC Asset AG acquires GEG German Estate Group from TTL Real Estate and KKR

05-Jun-2019 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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.
 
Contact:
 
Nina Wittkopf
Head of Investor Relations & Corporate Communications
DIC Asset AG
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
E-mail: ir@dic-asset.de
Tel.: +49 69 9454858-1462

District Court Frankfurt am Main HRB 57679
VAT ID: DE 233 741 623
Registered office: Frankfurt am Main
 

05-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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