Brief: Adler Group Announces The Sale Of A Berlin-Based Development Project

Adler SA

05/09/2023 07:59

Sept 5 (Reuters) - ADLER GROUP SA  ADJ.DE :
    * ANNOUNCES THE SALE OF A BERLIN-BASED DEVELOPMENT PROJECT
    * TRANSACTION, WHICH WAS COMPLETED IN AUGUST, GENERATED
PROCEEDS
OF APPROXIMATELY EUR 36 MILLION FOR ADLER GROUP
    * TRANSACTION CONTRIBUTES TO STATED GOAL OF FURTHER
DELEVERAGING
GROUP IN 2023 AND BEYOND.
    * CONSUS REAL ESTATE AG, A SUBSIDIARY OF ADLER GROUP, HAS
SOLD ITS
SHARES IN JOINT VENTURE TO ITS JV PARTNER KONDOR WESSELS

Source text for Eikon:  ID:nEQ32p5L6a 
Further company coverage:  ADJ.DE 

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