08 October 2021

Aggregate Holdings SA: Vonovia acquires an option over 13.3% stake in Adler Group from Aggregate Holdings

Luxembourg, 08.10.2021

Luxembourg, 8 October 2021. Aggregate Holdings S.A. ("Aggregate") today announces it has entered among other things into a call option agreement with Vonovia SE (“Vonovia”) whereby Vonovia has the right to acquire a 13.3% stake in Adler Group S.A. (“Adler Group”) at a price significantly in excess of Adler Group’s latest closing share price. The call option has a term of 18 months.

Benjamin Lee, Chief Financial Officer and John Nacos, Chief Investment Officer at Aggregate, said: “This agreement provides Aggregate with the backing of the leading residential real estate company in Europe to continue the development of Adler Group. It is a demonstration of the strength of Adler Group and the experience of Aggregate as a real estate investor.”

As part of this transaction, Aggregate group is repaying its outstanding margin loan relating to its strategic stake in Adler Group.

No comments:

Post a Comment