Brief: Patrizia To Buy Entire Issued Share Capital Of Whitehelm Capital

Patrizia SE

13/09/2021 07:16

Sept 13 (Reuters) - PATRIZIA AG  PATGn.DE :
    * HAS ENTERED INTO A SHARE PURCHASE AGREEMENT ("SPA") TO
ACQUIRE
ENTIRE ISSUED SHARE CAPITAL OF WHITEHELM CAPITAL
    * ON CLOSING OF ACQUISITION, PATRIZIA'S INFRASTRUCTURE AUM
WILL
TRIPLE TO C. EUR 5BN WITH A MIDTERM GROWTH AMBITION OF BETWEEN
EUR 15BN AND EUR 20BN
    * PATRIZIA'S TOTAL AUM WILL INCREASE TO OVER EUR 50BN ON
CLOSING
OF TRANSACTION
    * INITIAL PURCHASE PRICE PAYMENT FOR FULLY COMPLEMENTARY
ACQUISITION IS EUR 67M PAYABLE IN CASH AND PATRIZIA TREASURY
SHARES
    * CLOSING OF TRANSACTION IS SUBJECT TO REGULATORY APPROVALS
AND
EXPECTED TO TAKE PLACE IN Q1 2022

Source text for Eikon:  ID:nEQ6b7K61a 
Further company coverage:  PATGn.DE 

 (Gdansk Newsroom)
 ((Gdansk.Newsroom@thomsonreuters.com;))