MAINVESTOR GMBH / MAGNAT REAL ESTATE OPPORTUNITIES GMBH & CO (FRA:M5RK) DEMIRE Deutsche Mittelstand Real Estate AG: Apollo and Wecken & Cie. Initiate a Strategic Review of Their Stake in DEMIRE
Transparency directive : regulatory news
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DGAP-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Miscellaneous Disclosure of insider information pursuant to Article 17 of Regulation (EU) No 596/2014 Langen, 15 November 2021 - DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has been informed by its major shareholders Apollo-managed funds and Wecken & Cie., that Apollo and Wecken & Cie. are conducting a review of options with regard to their stake in DEMIRE. Such review is in early stages and may or may not result in a transaction. Amongst the options under review, Apollo and Wecken & Cie. are considering a sale of their entire stake to a strategic or financial investor which shall be well equipped to support the company in its next growth and value creation phase. Apollo and Wecken & Cie. are currently not contemplating a placing of any of their DEMIRE shares in the public equity market. DEMIRE has retained J.P. Morgan as its financial advisor in connection with Apollo 's and Wecken & Cie.'s review and is cooperating with Apollo and Wecken & Cie. in this respect. Disclaimer DEMIRE Deutsche Mittelstand Real Estate AG Contact: Michael Tegeder
15-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
| Robert-Bosch-Straße 11 im 'the eleven' | |
| 63225 Langen (Hessen) | |
| Germany | |
| Phone: | +49 6103 37249-0 |
| Fax: | +49 6103 37249-11 |
| E-mail: | ir@demire.ag |
| Internet: | www.demire.ag |
| ISIN: | DE000A0XFSF0 |
| WKN: | A0XFSF |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1248943 |
| End of Announcement | DGAP News Service |
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1248943 15-Nov-2021 CET/CEST