DGAP-Adhoc: ADLER Real Estate AG comments on reports concerning potential takeover of A.D.O. GROUP LTD

2019. szeptember 22., vasárnap, 23:17





DGAP-Ad-hoc: ADLER Real Estate AG / Key word(s): Mergers & Acquisitions


ADLER Real Estate AG comments on reports concerning potential takeover of A.D.O. GROUP LTD


22-Sep-2019 / 23:17 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




ADLER Real Estate AG



Public disclosure of inside information
in accordance with Article 17 of the Market Abuse Regulation



 



ADLER Real Estate AG comments on reports concerning potential takeover of A.D.O. GROUP LTD



Berlin, 22 September 2019. ADLER Real Estate AG ("ADLER") confirms media reports in Israel that it is in talks with A.D.O GROUP LTD ("ADOG"), an Israeli public limited company listed on the Tel-Aviv Stock Exchange (ISIN IL0005050161), and major shareholders of ADOG regarding a takeover of ADOG. Neither the management board nor the supervisory board of ADLER have made a final decision on the potential transaction. It is not certain at this point in time whether and under which terms and conditions binding agreements will be concluded. Additionally, any transaction would be subject to the approval of the general meeting of the shareholders of ADOG and other conditions.



The major asset of ADOG is a c. 38% stake in ADO Properties S.A., a public limited liability company organized under the laws of Luxembourg the shares of which are admitted to trading on the Frankfurt Stock Exchange (ISIN LU1250154413) and which owns a substantial residential real estate portfolio in Berlin, Germany. ADLER intends to structure a potential takeover of ADOG in such a way that a mandatory tender offer for the shares in ADO Properties S.A. is not triggered.



ADLER Real Estate AG will inform the capital market and the public about any further progress in compliance with applicable legal requirements.



ADLER Real Estate AG

The Management Board











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Language: English
Company: ADLER Real Estate AG

Joachimsthaler Straße 34

10719 Berlin

Germany
Phone: +49 30 398 018 10
Fax: +49 30 639 61 92 28
E-mail: info@adler-ag.com
Internet: www.adler-ag.com
ISIN: DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02
WKN: 500800, A14J3Z, A1R1A4, A11QF0
Indices: SDAX, GPR General Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 877667





 
End of Announcement DGAP News Service




877667  22-Sep-2019 CET/CEST







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