on Deutsche Konsum REIT-AG (ETR:DE000A14)
Deutsche Konsum REIT-AG Finalizes Restructuring and Sets Capital Increase Terms
Deutsche Konsum REIT-AG, a real estate investment company, has finalized its restructuring plans, which include critical measures to stabilize its financial structure. The company, based in Potsdam, Germany, aims to implement a restructuring capital increase including a debt-to-equity swap of financial liabilities up to approximately EUR 120 million and the sale of real estate assets worth around EUR 300 million to reduce its debt.
The restructuring is set to conclude by September 2027. Creditors have agreed to extend the maturity of their claims until the end of the restructuring period. A mixed cash and contribution in kind capital increase will see the company's share capital potentially rise from EUR 50.35 million to EUR 125.88 million at a subscription price of EUR 2.00 per newly issued share.
The Extraordinary General Meeting to decide on this capital increase is scheduled for October 2025, conditional on regulatory approvals.
R. P.
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