DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

Ad hoc-announcement

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

(Frankfurt, 05.06.2019 08:30)

Disclosure of an inside information acc. to Article 17 MAR

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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

 


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Investor Relations & Corporate Communications

DIC Asset AG
Peer Schlinkmann
Head of Investor Relations and Corporate Communications

Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main

Tel. +49 69 9 45 48 58-14 92
ir@dic-asset.de