23 August 2020

Upcoming appraisal proceedings in Germany

ARENDTS ANWÄLTE will represent minority shareholders in following proceedings:

  • ADLER Real Estate AG: DA (with ADO Properties S.A. as dominating party)
  • AUDI AG: squeeze-out, virtual AGM on 31 Juli 2020
  • BHS tabletop AG: merger squeeze-out, virtual AGM on 22 September 2020
  • comdirect bank AG: merger squeeze-out, virtual AGM on 5 May 2020, entry of the squeeze-out decision into the commercial register delayed by actions in recission
  • First Sensor AG: DA with TE Connectivity Sensors Germany Holding AG as dominating party, applications for jucicial review can be filed until 7 October 2020
  • HSBC Trinkaus & Burkhardt AG: squeeze-out, AGM in 2020
  • IMW Immobilien SE: squeeze-out, AGM on 6 August 2020
  • innogy SE: merger squeeze-out,  applications for jucicial review can be filed until 2 September 2020)
  • ISARIA Wohnbau AG: squeeze-out, virtual AGM on 12 May 2020
  • ISRA VISION AG: merger squeeze-out in favour of Atlas Copco Germany Holding AG
  • Kontron S&T AG: squeeze-out, applications for jucicial review can be filed until 26 August 2020
  • MAN SE: merger squeeze-out in favour of Volkswagen subsidiary, Traton SE 
  • OSRAM Licht AG: DA
  • Pankl Racing Systems AG: squeeze-out
  • Schuler Aktiengesellschaft: squeeze-out in favour of ANDRITZ Beteiligungsgesellschaft IV GmbH, virtual AGM on 24 September 2020
  • STADA Arzneimittel AG: squeeze-out in favour of Nidda Healthcare GmbH, EGM on 24 September 2020
  • WESTGRUND Aktiengesellschaft: squeeze-out announced end of 2016, takeover offer by ADO Properties S.A.
(without obligation)

22 August 2020

Aggregate Holdings S.A. confirms it has received shares in ADO Properties S.A. in exchange for its holding in Consus Real Estate A.G.

Disclosure of inside information pursuant to Art. 17 EU Market Abuse Regulation (MAR)  

Luxembourg, 9 July 2020 – Aggregate Holdings S.A. ("Aggregate") and ADO Properties S.A. ("ADO ") entered into an agreement regarding Consus Real Estate AG (“Consus”) on 15 December 2019. 

Pursuant to ADO exercising its call option to acquire a controlling stake in Consus as announced on 29 June 2020, Aggregate confirms that it has transferred 69,619,173 shares in Consus whilst having received 14,692,889 shares in ADO. Together with the 1,946,093 ADO shares received on 2 July 2020 Aggregate has become ADO’s largest shareholder, holding a total of 22.50% of ADO’s voting rights. 

Aggregate confirms that it is supportive of ADO’s growth strategy and substantiates its support by having signed a subscription commitment to exercise its pro-rata subscription rights in the EUR 450 million rights issue ADO announced on 2 July 2020.