VIB Vermoegen AG

M&A Activity • Apr 11, 2006

News Details

Corporate | 11 April 2006 15:32

VIB Vermögen AG acquires Bürgerliches Brauhaus Ingolstadt AG

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Neuburg a.d. Donau/Munich, April 11, 2006 – VIB Vermögen AG, headquartered in Neuburg a.d. Donau, is acquiring a 94.45% stake in Bürgerliches Brauhaus Ingolstadt AG (BBI AG), also a listed company, for a price of EUR 9.5 million. The share package is being sold by Bayerische Landesbank (BayernLB), which is disposing of this investment as part of its portfolio streamlining program. BBI AG has a particular reputation as a traditional brewer of wheat beer in Ingolstadt with its Herrnbräu brand. In addition to its interest in Herrnbräu, BBI AG has substantial real estate holdings with a total area of 70,000 m2; the properties have a usable area of 32,000 m2. They include the brewery site and primarily commercially used properties in prime, mainly city-center locations in Ingolstadt and the surrounding district. In addition to restaurants/bars, the tenants include administrative facilities, physicians, lawyers and other service providers. BayernLB is convinced that this transaction represents a good solution for BBI AG. In VIB Vermögen AG, it has found a strong partner that knows the region well and is capable not only of managing the real estate professionally, but also of developing a forward-looking strategy for the traditional Herrnbräu brewery business. Claus Paulus, the member of the Executive Board of BBI AG, is pleased that a company with strong regional roots will be the new majority shareholder. “We can work together very well with VIB Vermögen AG, a partner with a strong capital base.” “The brewery will stay at its present location. BBI AG’s real estate portfolio offers attractive rental yields and the excellent locations of the properties offer the prospect of further appreciation. This investment substantially diversifies our portfolio”, said VIB’s CEO Ludwig Schlosser about the transaction. The acquisition of the majority stake in BBI AG significantly increases the VIB Vermögen AG Group’s real estate portfolio to 198,000 m2. Profile of VIB Vermögen AG: VIB Vermögen AG is a medium-sized real estate holding company that focuses on commercial real estate assets in Southern Germany. Founded in 1993 as a business partnership, the VIB was converted into a public company in the year 2000. Since then, VIB Vermögen AG has developed its core competency in acquiring and administrating own real estate and investing in companies with real estate assets. VIB’s portfolio actually comprises more than 40 properties, among them an industrial plant and an industrial park in Neuburg / Donau, a business centre in Günzburg as well as the DonauCityCenter in Ingolstadt. The company’s assets also comprehend a Burger King restaurant next to the highway A9 near Pfaffenhofen and a retail shopping and service centre at the business park Memmingen-Nord. VIB Vermögen AG achieves sustainable rental yields greater than 8% through its total rentable area of more than 198.000 sqms. Shares of the VIB Vermögen AG are listed at the market segment M:access of the Munich Stock Exchange and also at the Frankfurt Securities Exchange since November 28, 2005 (ISIN DE0002457512). Investor Relations: cometis AG Ulrich Wiehle Unter den Eichen 7 65195 Wiesbaden Tel: +49 (0)611 / 205855-11 Fax: +49 (0)611 / 205855-66 E-mail: ulrich.wiehle@vib-ag.de (c)DGAP 11.04.2006 ————————————————————————— language: English emitter: VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg/Donau Deutschland phone: 08431 / 504-955 fax: 08431 / 504-747 email: rainer.hettmer@vib-ag.de WWW: www.vib-ag.de ISIN: DE0002457512 WKN: 245751 indexes: End of News DGAP News-Service —————————————————————————