DGAP-Ad-hoc: ADLER Real Estate AG / Key word(s): Mergers & Acquisitions
ADLER Real Estate AG
Public disclosure of inside information
ADLER Real Estate AG comments on reports concerning potential takeover of A.D.O. GROUP LTD
Berlin, 22 September 2019. ADLER Real Estate AG ("ADLER") confirms media reports in Israel that it is in talks with A.D.O GROUP LTD ("ADOG"), an Israeli public limited company listed on the Tel-Aviv Stock Exchange (ISIN IL0005050161), and major shareholders of ADOG regarding a takeover of ADOG. Neither the management board nor the supervisory board of ADLER have made a final decision on the potential transaction. It is not certain at this point in time whether and under which terms and conditions binding agreements will be concluded. Additionally, any transaction would be subject to the approval of the general meeting of the shareholders of ADOG and other conditions.
The major asset of ADOG is a c. 38% stake in ADO Properties S.A., a public limited liability company organized under the laws of Luxembourg the shares of which are admitted to trading on the Frankfurt Stock Exchange (ISIN LU1250154413) and which owns a substantial residential real estate portfolio in Berlin, Germany. ADLER intends to structure a potential takeover of ADOG in such a way that a mandatory tender offer for the shares in ADO Properties S.A. is not triggered.
ADLER Real Estate AG will inform the capital market and the public about any further progress in compliance with applicable legal requirements.
ADLER Real Estate AG
22-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||ADLER Real Estate AG|
|Joachimsthaler Straße 34|
|Phone:||+49 30 398 018 10|
|Fax:||+49 30 639 61 92 28|
|ISIN:||DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02|
|WKN:||500800, A14J3Z, A1R1A4, A11QF0|
|Indices:||SDAX, GPR General Index|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||877667|
|End of Announcement||DGAP News Service|
877667 22-Sep-2019 CET/CEST