DGAP-News: Adler Group S.A. has decided to initiate a review of strategic options for its residential yielding portfolio

2021. október 04., hétfő, 07:53







DGAP-News: Adler Group S.A.


/ Key word(s): Strategic Company Decision






Adler Group S.A. has decided to initiate a review of strategic options for its residential yielding portfolio








04.10.2021 / 07:53




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




Adler Group S.A. has decided to initiate a review of strategic options for its residential yielding portfolio which could result in a sale of a material part of its yielding assets, following strong inbound demand and recent upward market valuations



- Strategic review with objective to achieve material value creation for stakeholders



- Significant deleveraging alongside capital returns to shareholders



Berlin, 04 October 2021 - After having been approached by several large institutional real estate investors showing strong interest, Adler Group S.A. ("Adler Group") has initiated a review of strategic options for its yielding real estate portfolio which could result in the sale of a material part of its yielding assets. Proceeds from such disposals aim to significantly reduce leverage and also to return capital to bond and equity holders.



Maximilian Rienecker and Thierry Beaudemoulin, Co-CEOs of Adler Group, explain: "We intend to take advantage of the strong investment market for yielding residential assets in Germany in order to accelerate deleveraging and to return funds to both bond and equity holders."



Contact


Investor Relations:

T +352 278 456 710

F +352 203 015 00

E investorrelations@adler-group.com
















04.10.2021 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.

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Language: English
Company: Adler Group S.A.

1B Heienhaff

1736 Senningerberg

Luxemburg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: investorrelations@adler-group.com
Internet: www.adler-group.com
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
EQS News ID: 1237851





 
End of News DGAP News Service





1237851  04.10.2021 



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