Brief: Westgrund Initiates Review Of Strategic Options

Adler Real Estate AG

04/10/2021 07:07

Oct 4 (Reuters) - WESTGRUND AG  WEG1.F :
    * INITIATES REVIEW OF STRATEGIC OPTIONS
    * HAS BEEN NOTIFIED THAT ITS MAJOR SHAREHOLDER ADLER REAL
ESTATE
AG AND ADLER GROUP S.A. TODAY BOTH DECIDED TO INITIATE A REVIEW
OF STRATEGIC OPTIONS AFTER ADLER GROUP S.A. WAS APPROACHED
MULTIPLE TIMES BY INTERESTED INSTITUTIONAL PARTIES RELATING TO
ITS YIELDING ASSETS PORTFOLIO
    * PROCESS MAY RESULT IN SALE OF A SUBSTANTIAL PART OF
YIELDING
ASSETS DIRECTLY AND INDIRECTLY HELD BY WESTGRUND
    * POTENTIAL PROCEEDS COULD BE USED FOR MEASURES STILL TO BE
DETERMINED
    * PROCESS MAY RESULT IN SALE OF A SUBSTANTIAL PART OF
YIELDING
ASSETS DIRECTLY AND INDIRECTLY HELD BY WESTGRUND

Source text for Eikon:  ID:nEQ52MnQFa 
Further company coverage:  WEG1.F 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))