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S Immo AG — M&A Activity 2016
Jun 3, 2016
758_iss_2016-06-03_7477b163-a542-4974-adcf-368292ad5665.pdf
M&A Activity
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EANS-Adhoc: S IMMO AG / S IMMO intends to sell part of its German residential portfolio
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Strategic management decisions
S IMMO intends to sell part of its German residential portfolio
The Management Board and Supervisory Board of S IMMO AG have today decided in principle to sell part of the German residential portfolio of S IMMO Group by means of a structured sales process with a selected group of prospective purchasers. The portfolio intended to be sold consists of properties in Berlin and Hamburg with approximately 1,500 units, accounting for slightly more than 20% of S IMMO's portfolio in Germany. The company expects a positive contribution to earnings as a result of the intended sale.
Further inquiry note: Investor Relations: Andreas J. Feuerstein Tel.: +43(0)50 100-27556 Fax: +43(0)50 100 9-27556 E-Mail: [email protected] www.simmoag.at
Corporate Communications: Elisabeth Wagerer Tel.: +43(0)50 100-27867 Fax: +43(0)50 100 9-27867 E-Mail: [email protected] www.simmoag.at issuer: S IMMO AG Friedrichstraße 10 A-1010 Wien phone: +43(0)50100-27550 FAX: +43(0)050100-927559 mail: [email protected] WWW: www.simmoag.at sector: Real Estate ISIN: AT0000652250 indexes: ATX Prime, IATX stockmarkets: official market: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service