Brief: Adler Sells 7% Stake In Brack Capital Properties; Grants Tender Commitment For All Its Remaining Shares In BCP Until 30 September 2022

Adler Real Estate AG

01/12/2021 02:35

Nov 30 (Reuters) - Adler Real Estate Ag  ADLG.DE :
    * DGAP-ADHOC: ADLER  SELLS A C.7% STAKE IN BRACK CAPITAL
PROPERTIES N.V AND GRANTS TENDER COMMITMENT FOR ALL ITS
REMAINING SHARES IN BCP UNTIL 30 SEPTEMBER 2022
    * ADLER REAL ESTATE- SOLD AN APPROX 7% STAKE IN BRACK
CAPITAL
PROPERTIES TO SUBSIDIARY OF LEG IMMOBILIEN SE FOR A PURCHASE
PRICE OF EUR 75 MILLION
    * ADLER-TO TENDER ITS REMAINING SHARES IN BCP AS PART OF
PUBLIC
TENDER OFFER BY LEG FOR SHARES IN BCP, PROVIDED PRICE PER SHARE
NOT LESS THAN EUR 157.00
    * ADLER REAL ESTATE AG  ADLG.DE  - AS CONSIDERATION, LEG
WILL
IMMEDIATELY PAY - IN ADDITION TO PURCHASE PRICE - A PREMIUM OF
EUR 7.5 MLN 

Source text for Eikon:  ID:nEQ1wK97Da 
Further company coverage:  ADLG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))