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ADLER Real Estate AG has a new majority shareholder
12/09/2005 – Ad Hoc information
- Take-over of 88.8 % by U.S. investor
- The investor's introduction shall secure the company's continuity
- Changes in the supervisory board and in the board
ADLER Real Estate AG, Frankfurt, specialized in the development of commercial real estate in Germany, has a new majority shareholder. The company was informed about the closing of a purchase contract between the insolvency administrator of AGIV Real Estate AG i.I., Hamburg, and an American investment company about the purchase of 88.8 % of the shares.
Among others, the investor deals with financing and implementation of real estate developments in the U.S.
Changes in the supervisory board and the board are associated with the entry of the new majority shareholder. Klaus Krägel, previous member of the supervisory board, and Christian Bock, previous board member, resigned from their positions, effective immediately. John D. Heikenfeld will replace Klaus Krägel on the supervisory board. For the time being, Mr. Axel Harloff will be solely in charge of the board. This secures the further independent development of Adler Real Estate AG, free from the future fate of AGIV Real Estate AG i.I.
Hamburg, September 12, 2005
The board
For further information please contact:
german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg
Tel.: +49 (0)40 46 88 33 0, Fax: +49 (0)40 47 81 80
presse@german-communications.com
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| NEWS |
share price
0,601 € (3.02.2012)
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