PATRIZIA AG

M&A Activity • Apr 8, 2013

News Details

Ad-hoc | 8 April 2013 10:54

PATRIZIA Immobilien AG: PATRIZIA Immobilien AG: BayernLB’s Board of Administration and Management Board vote for sale of GBW to investor consortium led by PATRIZIA Alternative Investments GmbH

PATRIZIA Immobilien AG / Key word(s): Disposal/Real Estate

08.04.2013 10:54

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PATRIZIA Immobilien AG: BayernLB's Board of Administration and Management
Board vote for sale of GBW to investor consortium led by PATRIZIA
Alternative Investments GmbH

Augsburg, April 8, 2013. PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has
been informed today by Bayerische Landesbank Anstalt des öffentlichen
Rechts (BayernLB) that both its Board of Administration as well as its
Management Board have voted in favour of the consortium's bid. The purchase
agreement regarding the shares held by BayernLB (50.19 million shares
representing approx. 91.93%) will become effective upon the still
outstanding notarised acceptance of the offer. In the context of this
transaction, further share purchase agreements will be entered into,
representing a combined total of c. 96.5% of the shares in GBW AG acquired
by the investors involved. With about 32,000 residential units and
consolidated total assets of about 2.5 billion Euros as of December 31,
2012, GBW group is one of Germany's largest real estate companies. The
closing of the transaction is subject to antitrust approval.

PATRIZIA Immobilien AG will as a co-investor contribute capital of approx.
58 million Euros.

The investor consortium consists of a number of investors with a long-term
focus located in German-speaking countries, such as pension funds,
insurance companies and savings banks. PATRIZIA Alternative Investments
GmbH, a wholly-owned subsidiary of PATRIZIA Immobilien AG, has advised the
investor consortium in arranging, negotiating, structuring and realising
the transaction and will render management services following its closing.

The Management Board

Augsburg, April 8, 2013

PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg (Germany)

Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG

Contact

Investor Relations
Margit Miller
Tel: +49 821 50910-369
investor.relations@patrizia.ag

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Language: English
Company: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Germany
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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