Accentro Real Estate AG

M&A Activity • Jun 22, 2009

News Details

Ad-hoc | 22 June 2009 17:08

ESTAVIS AG sells interest in Hamburgische Immobilien Invest SUCV AG

ESTAVIS AG / Disposal

Release 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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Berlin, 22 June 2009 - ESTAVIS AG today disposed of its interest of around
80.5 percent in the listed Hamburgische Immobilien Invest SUCV AG (HAG). As
part of the transaction, ESTAVIS AG also sold its direct holding in CWI
Real Estate AG, a subsidiary of HAG, of around 2.3 percent. The buyer of
the investments is VPE VARIO Privae Equity AG based in Hamburg.

The Management Board of ESTAVIS AG anticipates that the sale and resulting
deconsolidation of the HAG investment will have a positive effect on costs
and earnings in the 2009/2010 financial year (beginning: 1 July 2009).

The transaction will result in an extraordinary, non-cash reduction in the
earnings of ESTAVIS AG in the current 2008/2009 financial year, the exact
amount of which will be determined in the annual financial statements.

The disposal of the HAG investment is a key part of the package of measures
to optimise the corporate structures and to improve the earnings power of
ESTAVIS AG. The liquid funds released by this transaction will be used to
extend activities with private investors.

*** End of ad hoc disclosure***

Contact:
ESTAVIS AG - Peter Vogt - Investor & Public Relations - Tel: + 49 30 887
181 799 - E-Mail: ir@estavis.de

22.06.2009 Financial News transmitted by DGAP

Language: English
Issuer: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Deutschland
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart

End of News DGAP News-Service

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