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ADO PROPERTIES S.A. (FRA:LU125015) ADO Properties S.A.: Merger of subsidiary of ADLER Real Estate AG and major shareholder A.D.O. GROUP LTD completed

Directive transparence : information réglementée

10/12/2019 11:44

DGAP-News: ADO Properties S.A. / Key word(s): Miscellaneous
ADO Properties S.A.: Merger of subsidiary of ADLER Real Estate AG and major shareholder A.D.O. GROUP LTD completed
10.12.2019 / 11:44
The issuer is solely responsible for the content of this announcement.


ADO Properties S.A.: Merger of subsidiary of ADLER Real Estate AG and major shareholder A.D.O. GROUP LTD completed

Luxembourg, 10 December 2019 - ADO Properties S.A. ("the Company") was informed today that the merger of a fully owned subsidiary of ADLER Real Estate AG and the former direct major shareholder of the Company, A.D.O. GROUP LTD, has been completed. As a result, ADLER Real Estate AG is now sole shareholder of A.D.O. GROUP LTD and indirectly holds approx. 33.25 percent in ADO Properties.


About ADO Properties

ADO Properties is a company that focuses on the residential real estate sector and owns a property portfolio of around 18,000 units in Berlin. The company operates an entirely integrated, scalable in-house platform that includes a dedicated property administration. The portfolio of ADO Properties is concentrated in central locations inside Berlin's S-Bahn-Circle and in attractive districts on the city's periphery.


Contact:

Eyal Merdler, CFO


10.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ADO Properties S.A.
1B Heienhaff
1736 Senningerberg
Luxemburg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: ir@ado.properties
Internet: www.ado.properties
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
EQS News ID: 932251

 
End of News DGAP News Service

932251  10.12.2019 

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