Adler Group SA / Keyword (s): Sale / Real estate
ADLER Group SA concludes the term sheet on the portfolio transaction with 15,350 residential units and 185 business units

11-Oct-2021 / 04:50 CET / CEST
Disclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
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Publication of a notice in accordance with Article 17 (1) of the Market Abuse Regulation (Regulation (EU) No 596/2014)

ADLER SA Group

NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION IN OR TO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN

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ADLER SA Group concludes the term sheet on the portfolio transaction with 15,350 residential units and 185 business units

Grand Duchy of Luxembourg, October 11 2021:

ADLER SA Group (“ADLER“) and LEG Immobilien SE (“LEG“) today signed a specification outlining the key points of a transaction involving the sale of a total of 15,350 residential units and 185 commercial units.

The transaction is based on a real estate portfolio value of 1.485 billion euros. This is higher than the respective book values ​​as of June 30, 2021. The transaction will be executed through equity trading and the Adler group will retain a 10.1% stake in the relevant entities. Therefore, the inflow of cash, also due to the usual purchase price adjustments, will deviate from the property valuation.

The sale may result in a significant reduction in ADLER’s leverage and return capital to its bondholders.

The closing of the transaction is subject to due diligence carried out by LEG, the conclusion of definitive agreements and the fulfillment of usual market conditions, in particular regulatory approvals, and should take place by the end of 2021.

Notifying person:
Colleen Yorke, Legal Counsel
+49 30 403 907 543
[email protected]

IMPORTANT INFORMATION

This press release is neither an advertisement nor a securities prospectus and should not be used to make an investment decision to buy, subscribe or otherwise acquire securities. The information and opinions contained in this press release are provided as of the date of this press release, are subject to change without notice and do not purport to contain all the information that may be necessary to evaluate ADLER Group SA (“ADLERNo confidence can or should be placed for any purpose whatsoever in the information contained in this press release, or any other information discussed orally, or its completeness, accuracy or fairness.

This press release is not and may not be published, distributed or transmitted in the United States of America, Canada, Australia or Japan. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of ADLER in the United States of America, Australia, Canada, Japan or any other jurisdiction in which such offering, selling or soliciting is illegal prior to registration or qualification under the securities laws of that jurisdiction. The securities referred to herein may not and will not be offered or sold in Australia, Canada or Japan or to, or on behalf of or for the benefit of, any national, resident or citizen of Australia. , Canada or Japan, subject to certain exceptions.

Certain statements contained in this press release may constitute “forward-looking statements” which involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “plan”, “expect”, “anticipate”, “estimate”, “believe”, “have”. ‘intention’, “project”, “goal” or “target” or the negative of these words or other variations of these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to material risks, as well as to uncertainties and contingencies that are subject to change. No representation is made or will be made by ADLER that a forward-looking statement will be made. actual activities, financial condition, results of operations and prospects may differ materially from those projected or anticipated in forward-looking statements. ADLER assumes no obligation to update and does not provide pa s to publicly update or revise any forward-looking statements or other information contained in this press release, whether as a result of new information, future events or otherwise, unless otherwise indicated. Required by law.

Grand Duchy of Luxembourg, October 11, 2021

ADLER SA Group
Board of directors

11-Oct-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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