DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

Ad hoc-announcement

DIC Asset AG Group signs agreements with a view to the disposal of a participation of approximately 14% in TLG IMMOBILIEN AG

(Frankfurt, 06.12.2018 12:51)

Disclosure of an inside information acc. to Article 17 MAR

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Frankfurt am Main, 6. December 2018. 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.

 


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Investor Relations & Corporate Communications

DIC Asset AG
Nina Wittkopf
Head of Investor Relations and Corporate Communications

Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main

Tel. +49 69 9 45 48 58-14 62
ir@dic-asset.de