Brookline Real Estate S.à r.l.
Brookline Real Estate announces mandatory public takeover offer to Accentro Real Estate AG shareholders
DGAP-News: Brookline Real Estate S.à r.l. / Key word(s): Takeover/Offer Brookline Real Estate announces mandatory public takeover offer to Accentro Real Estate AG shareholders Luxembourg, 30 November 2017 – Brookline Real Estate S.à r.l. (“Brookline Real Estate”) (formerly RMR 8 S.à r.l.), a holding company controlled by Brookline Capital LP advised by Vestigo Capital Advisors LLP, a London-based investment company, today announced that it has attained control over publicly-listed Accentro Real Estate AG (“Accentro”). Under a mandatory public takeover offer, which will be launched in due course, all Accentro shareholders will be able to tender their shares to Brookline Real Estate. On the basis of a share purchase agreement with Accentro’s majority shareholder ADLER Real Estate AG (“ADLER”), Brookline Real Estate has acquired beneficial ownership in approximately 19.9 million bearer shares in Accentro, representing 79.95% of the voting rights. Additionally, Brookline Real Estate has granted ADLER the option to sell to Brookline Real Estate or a designee a further 6.22% stake in Accentro’s share capital and voting rights currently held by ADLER in a year from today. Headquartered in Berlin, Accentro is a residential property company listed on the regulated market of the Frankfurt Stock Exchange which focuses on the socially responsible privatization of residential property. Through its subsidiary, Accentro GmbH, the company is a market leader in providing privatization services across Germany. Furthermore, Accentro purchases housing stocks, which afterwards are privatized via proprietary trading. Natig Ganiyev, Director of Brookline Capital LP, said: “Accentro has superior access to its home market Berlin, and is in a position to buy portfolios on a large scale despite the short supply. We are excited by the great opportunities we see for Accentro in the future.” The offer will be made on and subject to the terms set out in the offer document, which is to be approved by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Once approved, it will be available at http://brookline-real-estate-takeover-offer.de. Kirkland & Ellis International LLP is providing legal advice to Brookline Real Estate. About Brookline Real Estate S.à r.l. Brookline Real Estate S.á r.l. is a holding company controlled by Brookline Capital LP advised by Vestigo Capital Advisors LLP (“Vestigo Capital”). Vestigo Capital is a FCA-regulated investment company that provides advice to funds and other types of investment structures with a cumulative portfolio of USD 250 million in assets under management. It currently focuses on opportunities in renewable energy, real estate, infrastructure and hospitality sectors. For more information visit www.vestigocapital.com Media contact Anna Mareen Steudel
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of the company. The definite terms of the offer, as well as further provisions concerning the offer, will be published in the offer document only after BaFin has approved the publication of the offer document. Investors and holders of shares in the company are strongly advised to read the offer document and all other relevant documents regarding the offer when they become available, since they will contain important information. The offer will be issued exclusively under the laws of the Federal Republic of Germany. Any contract that is concluded on the basis of the offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws. Luxembourg, 30 November 2017 Brookline Real Estate S.à r.l.
30.11.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |