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
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.
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.
Eyal Merdler, CFO
10.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||ADO Properties S.A.|
|Phone:||+352 278 456 710|
|Fax:||+352 203 015 00|
|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|