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TTL Beteiligungs- und Grundbesitz-AG
Regulatory Filings • Jun 5, 2019
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News Details
Ad-hoc | 5 June 2019 08:30
TTL Beteiligungs- und Grundbesitz-AG: TTL Group and co-shareholder KKR sell GEG Group to DIC Asset AG Group
TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal
TTL Beteiligungs- und Grundbesitz-AG: TTL Group and co-shareholder KKR sell GEG Group to DIC Asset AG Group
05-Jun-2019 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Munich, 5 June 2019
TTL Group and co-shareholder KKR sell GEG Group to DIC Asset AG Group
TTL Real Estate GmbH, an associated company of TTL Beteiligungs- und Grundbesitz-AG (“TTL AG”) (ISIN DE0007501009), and its co-shareholder Kohlberg Kravis Roberts & Co (“KKR”) today signed an agreement for the immediate sale of GEG German Estate Group (“GEG”) to DIC Asset AG Group.
The purchase price for GEG amounts to EUR 225 million. For TTL Real Estate GmbH, which holds a 75 percent stake in GEG, this results in a planned net cash inflow of approximately EUR 156 million. TTL AG directly and indirectly holds a total of 50 percent of TTL Real Estate GmbH. Thus, approximately EUR 78 million of the cash inflow are attributable to TTL AG as the holding company.
Notifying person
Theo Reichert
CEO
Tel: +49 89 381611-0
Media and Investor Relations contact
Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-23
05-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | TTL Beteiligungs- und Grundbesitz-AG |
| Theresienhöhe 28 | |
| 80339 München | |
| Germany | |
| Phone: | +49 (0)89 381611-0 |
| Fax: | +49 (0)89 3915-92 |
| E-mail: | [email protected] |
| Internet: | www.ttl-ag.de |
| ISIN: | DE0007501009 |
| WKN: | 750100 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 819401 |
| End of Announcement | DGAP News Service |