Ad-hoc | 5 June 2019 08:30


TTL Beteiligungs- und Grundbesitz-AG: TTL Group and co-shareholder KKR sell GEG Group to DIC Asset AG Group

TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal
TTL Beteiligungs- und Grundbesitz-AG: TTL Group and co-shareholder KKR sell GEG Group to DIC Asset AG Group

05-Jun-2019 / 08:30 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.

Munich, 5 June 2019


TTL Group and co-shareholder KKR sell GEG Group to DIC Asset AG Group


TTL Real Estate GmbH, an associated company of TTL Beteiligungs- und Grundbesitz-AG (“TTL AG”) (ISIN DE0007501009), and its co-shareholder Kohlberg Kravis Roberts & Co (“KKR”) today signed an agreement for the immediate sale of GEG German Estate Group (“GEG”) to DIC Asset AG Group.

The purchase price for GEG amounts to EUR 225 million. For TTL Real Estate GmbH, which holds a 75 percent stake in GEG, this results in a planned net cash inflow of approximately EUR 156 million. TTL AG directly and indirectly holds a total of 50 percent of TTL Real Estate GmbH. Thus, approximately EUR 78 million of the cash inflow are attributable to TTL AG as the holding company.


Notifying person

Theo Reichert
CEO
Tel: +49 89 381611-0
presse@ttl-ag.de


Media and Investor Relations contact

Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-23
ir@ttl-ag.de
presse@ttl-ag.de

05-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: TTL Beteiligungs- und Grundbesitz-AG
Theresienhöhe 28
80339 München
Germany
Phone: +49 (0)89 381611-0
Fax: +49 (0)89 3915-92
E-mail: ir@ttl-ag.de
Internet: www.ttl-ag.de
ISIN: DE0007501009
WKN: 750100
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 819401

End of Announcement DGAP News Service

show this