Brief: Leg Immobilien SE Says Acquisition Of Brack Capital Properties N.V. Through The Conclusion Of A Share Purchase Agreement

LEG Immobilien SE

04/11/2024 20:21

Nov 4 (Reuters) - LEG Immobilien SE  LEGn.DE :
    * EQS-ADHOC: LEG IMMOBILIEN SE: ACQUISITION OF BRACK CAPITAL
PROPERTIES N.V. THROUGH THE CONCLUSION OF A SHARE PURCHASE
AGREEMENT AND A TENDER COMMITMENT IN THE EVENT OF A PUBLIC OFFER
    * LEG IMMOBILIEN SE - SUBSIDIARY AND ADLER ENTER SHARE
PURCHASE
AGREEMENT FOR 52.68% OF BCP
    * LEG IMMOBILIEN SE - ADLER COMMITS TO TENDER ADDITIONAL
10.1% OF
BCP SHARES IN PUBLIC OFFER
    * LEG IMMOBILIEN SE - PURCHASE PRICE FOR ADLER'S 62.78%
STAKE IN
BCP APPROXIMATELY EUR 219M
    * LEG IMMOBILIEN SE - PRICE OF EUR 45 PER SHARE REPRESENTS
48%
DISCOUNT ON NTA
    * LEG IMMOBILIEN SE - TO INCREASE STAKE IN BCP TO 88.20%
    * LEG IMMOBILIEN SE - IMPACT ON AFFO PER SHARE EXPECTED TO
BE
NEUTRAL IN 2025
    * LEG IMMOBILIEN SE - COMPLETION OF 52.68% STAKE TRANSACTION
PLANNED FOR EARLY 2025
    * LEG IMMOBILIEN SE - NO SIGNIFICANT EFFECTS ON LOAN TO
VALUE
RATIO EXPECTED
    * LEG IMMOBILIEN SE - CASH-FINANCED PURCHASE PRICE FOR
ADLER'S
ENTIRE 62.78% STAKE IN BCP AMOUNTS TO APPROXIMATELY EUR 219M

Source text:  ID:nEQ4Wyxcna 
Further company coverage:  LEGn.DE 

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