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RNS - PATRIZIA Immobilien AG: LBBW Board of Directors and LBBW Supervisory Board favor sale of LBBW Immobilien GmbH to consortium led by PATRIZIA Immobilien AG

Company: PATRIZIA AG Date: 2012-02-13 Language: English Register to download

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 News Details

Ad-hoc | 13 February 2012 22:02

#   

PATRIZIA Immobilien AG: LBBW Board of Directors and LBBW Supervisory Board favor sale of LBBW Immobilien GmbH to consortium led by PATRIZIA Immobilien AG

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

13.02.2012 22:02

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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PATRIZIA Immobilien AG: LBBW Board of Directors and LBBW Supervisory Board
favor sale of LBBW Immobilien GmbH to consortium led by PATRIZIA Immobilien
AG

Augsburg, February 13, 2012. PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has
been informed by LBBW that the Board of Directors and the Supervisory Board
of LBBW have decided to award the contract for the sale of LBBW Immobilien
GmbH and its subsidiaries to a consortium of investors led by PATRIZIA
Alternative Investments GmbH, a wholly-owned subsidiary of PATRIZIA
Immobilien AG. The sale is still subject to the selling LBBW subsidiaries'
formal acceptance of the notarial offer, which was submitted by the
investor consortium to LBBW. Furthermore, the completion of the acquisition
is subject to approval by Federal Cartel Office.

The investor consortium led by PATRIZIA Alternative Investments GmbH
consists of a number of national and international investors with a
long-term focus. PATRIZIA Immobilien AG will participate as an equity
investor in a likely amount of up to EUR 15 million. After the transaction
has been completed, PATRIZIA Immobilien AG and the companies associated
with it will render management and property-related services at market
conditions to the acquisition companies as well as LBBW Immobilien GmbH and
its subsidiaries.

The Managing Board
Augsburg, February 13, 2012

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 (0) 821 5 09 10-369
investor.relations@patrizia.ag          

Press
Andreas Menke
Tel: +49 (0) 821 5 09 10-655
presse@patrizia.ag


13.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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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