Brief: Adler Real Estate Successfully Completes Merger With ADO Group

Adler Real Estate AG

10/12/2019 09:15

Dec 10 (Reuters) - ADLER REAL ESTATE AG  ADLG.DE :
    * ADLER REAL ESTATE AG: MERGER WITH ADO GROUP LTD.
SUCCESSFULLY
COMPLETED
    * ADLER HOLDS NOW A 33.25% STAKE IN ADO PROPERTIES S.A. (ADO
PROPERTIES)
    * TRANSACTION WILL CREATE GERMAN RESIDENTIAL COMPANY WITH
REAL
ESTATE PORTFOLIO WITH GROSS ASSET VALUE OF EUR 8.5 BILLION ON A
FULLY CONSOLIDATED BASIS
    * WILL BE LOOKING TO PASS ON DIVIDEND RECEIVED FROM ADO
PROPERTIES
TO ITS OWN SHAREHOLDERS

Source text for Eikon:  ID:nEQQC7mqa 
Further company coverage:  ADLG.DE 

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