Major Shareholding Notification • Nov 4, 2009
Major Shareholding Notification
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Corporate | 4 November 2009 07:58
VIB Vermögen AG acquires Kreissparkasse Biberach as new major shareholder
VIB Vermögen AG / Miscellaneous
04.11.2009
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Neuburg/Danube, November 4, 2009 - VIB Vermögen AG, a company specializing
in managing commercial real estate, has been able to acquire an additional
major shareholder - Kreissparkasse Biberach. The Swabian bank, which has
total assets of around EUR 6.3 billion, recently bought an interest of 9.5%
of voting rights. After Raiffeisen-Volksbank Neuburg/Danube (9.7%),
Kreissparkasse Biberach is thus already the second long-term investor of
VIB Vermögen AG from the field of regional banks. In addition, the
management (2.0%) and the Supervisory Board (2.8%) hold significant
interests in the company. The remaining 76.0% of shares are in free float.
This figure continues to be above average in a peer group comparison.
Ludwig Schlosser, VIB Vermögen AG's CEO, is very pleased about the new
major shareholder: 'We regard Kreissparkasse Biberach's equity interest as
further proof that our operating successes are increasingly being
recognized by the capital market. Our solid, judicious financing structure
meant that we have been able to steer our way through the financial crisis
practically unscathed.' His colleague in the Managing Board, Peter Schropp,
who is responsible for real estate, emphasizes the company's healthy
shareholder structure: 'We have an excellent mix of a high free float and
long-term investors. As a result we combine stable ownership with high
liquidity for our shares.'
Profile of VIB Vermögen AG (incl. BBI Immobilien AG)
VIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized real
estate holding company, whose investments focus on commercial properties in
Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was
transformed to become an Aktiengesellschaft (German public limited company)
in 2000. Since then, the company has developed core competences in the
acquisition and management of its own properties and participating
interests in companies with real estate portfolios. The VIB Group pursues a
buy-and-hold strategy. It both acquires properties for its own portfolio
and also acquires existing properties.
The VIB Group's real estate portfolio includes various logistics properties
and industrial facilities, shopping and specialist retail centers as well
as commercial and service centers. The VIB Group generates sustainable
rental returns with a total rental area of approx. 635,000 m².
Contact
Investor relations:
VIB Vermögen AG
Petra Riechert
Luitpoldstr. C70
86633 Neuburg/Danube
Phone: + 49 (0)8431 504-952
Fax: + 49 (0)8431 504-973
E-Mail: [email protected]
Germany
cometis AG
Dirk Stauer
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0)611 205855-22
Fax: +49 (0)611 205855-66
E-Mail: [email protected]
Germany
04.11.2009 Financial News transmitted by DGAP
Language: English
Company: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Deutschland
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: [email protected]
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751
End of News DGAP News-Service
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