Aggregate Holdings SA: Aggregate acquisition of 69% in CONSUS Commercial Property AG through a mixed capital increase against contribution in kind and cash with a total volume of approximately EUR 743

Freitag, 29.09.2017 17:30 von DGAP - Aufrufe: 102

DGAP-News: Aggregate Holdings SA / Key word(s): Investment Aggregate Holdings SA: Aggregate acquisition of 69% in CONSUS Commercial Property AG through a mixed capital increase against contribution in kind and cash with a total volume of approximately EUR 743 million approved by the shareholders' meeting of CONSUS Commercial Property AG 29.09.2017 / 17:25 The issuer is solely responsible for the content of this announcement.


Aggregate acquisition of 69% in CONSUS Commercial Property AG through a mixed capital increase against contribution in kind and cash with a total volume of approximately EUR 743 million approved by the shareholders' meeting of CONSUS Commercial Property AG

Luxembourg, 29 September 2017 - Aggregate Holdings S.A, through its 100% subsidiary, on 22 August 2017 entered into a framework agreement (Grundlagenvereinbarung) with CONSUS Commercial Property AG, Leipzig/Germany ("Consus") pursuant to which Aggregate Holdings S.A. will contribute and transfer 50% of the shares in GC Gruppe AG, Berlin, a holding company active in real estate project development and services in Germany, into Consus. Yesterday, the transaction which will be conducted by a way of a mixed contribution in kind against a total consideration of approximately EUR 743 million, comprising 55,650,383 new shares from a capital increase of Consus (representing a 69% stake in Consus) with a value based on the volume-weighted three month average share price of Consus as per 10 August 2017 of 10.6622 Euros per share totalling approximately EUR 593 million, and corporate bonds to be issued by Consus with a nominal value of 150 million Euro was approved by Consus' shareholders' meeting. CONSUS Commercial Property AG is a German value-add commercial real estate buy & hold player focused on investment opportunities resulting from unique special situations often sourced from its long-lasting network of business partners. Consus dynamically develops its real estate portfolio with the target of being a long term leading commercial real estate platform in Germany. Consus is listed in the M:Access market of the Munich and Frankfurt Stock Exchanges. Through the transaction, Aggregate Holdings S.A. will become indirectly a significant shareholder in Consus. It is expected that the transaction will be closed in Q4 2017. Upon closing, Aggregate Holdings S.A. as well as Consus will have created the largest listed real estate development company in Germany.

Aggregate Holdings S.A., Luxembourg, The Management

Contact: Massimo Longoni Director Aggregate Holdings S.A. +352 26 478777 21 massimolongoni@groupelecta.lu

29.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de


Language: English
Company: Aggregate Holdings SA
Rue Antoine Jans 10
1820 Luxembourg
Luxemburg
Phone: 00352 26 478 777 21
E-mail: massimolongoni@groupelecta.lu
ISIN: DE000A184P98
WKN: A184P9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market in Frankfurt
 
End of News DGAP News Service

614791  29.09.2017 

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