AI Terminal
PATRIZIA AG
M&A Activity • Mar 26, 2018
322_rns_2018-03-26_efeb76b4-9fe2-4ec0-a389-33aba57d174a.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 26 March 2018 08:17
PATRIZIA Immobilien AG: Acquisition of Rockspring Property Investment Managers LLP successfully closed
DGAP-News: PATRIZIA Immobilien AG / Key word(s): Takeover
26.03.2018 / 08:17
The issuer is solely responsible for the content of this announcement.
PATRIZIA Immobilien AG on 19 December 2017 announced to acquire Rockspring Property Investment Managers LLP (“Rockspring”) with closing of the transaction expected by the end of the first quarter 2018.
Following approval from regulatory authorities and finalisation of further pre-conditions successful closing of the transaction took place on 23rd March 2018.
Rockspring will hence become part of PATRIZIA as per 23rd March 2018 and have a positive earnings impact for nine months in 2018, confirming the profit forecast assumptions for financial year 2018 published in PATRIZIA’s annual report 2017 on 15th March 2018.
Contact:
Martin Praum
Group Head of Investor Relations
Phone: +49 821 50910-402
26.03.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | [email protected] |
| Internet: | www.patrizia.ag |
| ISIN: | DE000PAT1AG3 |
| WKN: | PAT1AG |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |