Brief: TTL Real Estate GmbH Increases DIC Asset Stake To 7.1 Percent

TTL Beteiligungs und Grundbesitz AG

22/01/2020 11:22

Jan 22 (Reuters) - TTL BETEILIGUNGS UND GRUNDBESITZ AG
 TTOG.DE :
    * TTL REAL ESTATE GMBH INCREASES DIC ASSET STAKE TO 7.1
PERCENT
    * ACQUISITION OF AROUND 2.3 MILLION SHARES AS PART OF A
CAPITAL
INCREASE BY DIC ASSET AG
    * NEWLY ACQUIRED 2.3 MILLION SHARES WERE SUBSCRIBED TO AS
PART OF
A CAPITAL INCREASE BY DIC ASSET AG AT A PLACEMENT PRICE OF EUR
16 PER SHARE
    * HAS INCREASED ITS DIRECT STAKE IN DIC ASSET AG FROM AROUND
5
PERCENT TO 7.1 PERCENT.
    * FOR FINANCIAL YEAR 2020, DIC ASSET AG IS FORECASTING
FURTHER
SIGNIFICANT GROWTH IN EARNINGS
    * FOR FINANCIAL YEAR 2020, DIC ASSET AG IS FORECASTING
OPERATING
PROFIT (FUNDS FROM OPERATIONS) AGAIN EXPECTED TO INCREASE
SIGNIFICANTLY TO EUR 104 MILLION UP TO EUR 106 MILLION.
    * TTL WILL CONTINUE ITS GROWTH COURSE BY MAKING FURTHER
INVESTMENTS AS PART OF ITS INVESTMENT STRATEGY

Source text for Eikon:  ID:nEQ1H18kta 
Further company coverage:  TTOG.DE 

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