Brief: Deutsche Konsum REIT-AG Completes Capital Increase

Deutsche Konsum Real Estate AG

15/05/2020 07:47

May 15 (Reuters) - DEUTSCHE KONSUM REIT AG  DKG.DE :
    * SUCCESSFULLY COMPLETED CAPITAL INCREASE FROM AUTHORISED
CAPITAL;
PLACEMENT PRICE SET AT EUR 16.00 PER NEW SHARE
    * DEUTSCHE KONSUM REIT AG - CAPITAL INCREASE GENERATES GROSS
ISSUE
PROCEEDS OF EUR 51.135.910 FOR COMPANY
    * DEUTSCHE KONSUM REIT AG - CURRENTLY NEGOTIATING
ACQUISITION OF
NEW PROPERTIES WITH A TOTAL VALUE SLIGHTLY ABOVE EUR 100 MILLION
AT APPROXIMATELY AN 11X MULTIPLE OF (NET) RENT
    * DEUTSCHE KONSUM REIT AG - BECAUSE OF STRONG DEMAND FROM
LONG-ONLY INVESTORS AND TO INCREASE FREEFLOAT, BABELSBERGER
BETEILIGUNGS GMBH, A SUBSIDIARY OF OBOTRITIA CAPITAL KGAA
ACCEPTED TO GET NO ALLOCATION
    * DEUTSCHE KONSUM REIT AG - SUBSEQUENTLY, OBOTRITIA WILL
HOLD
27.8%

Source text for Eikon:  ID:nEQ2Z37mpa 
Further company coverage:  DKG.DE 

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