TAG Immobilien AG sells its commercial real estate portfolio to fund affiliated with Apollo Global Management
TAG Immobilien AG / Key word(s): Disposal28.03.2014 18:51Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Ad hoc releaseTAG sells its commercial real estate portfolio to fund affiliated withApollo Global ManagementHamburg, (28 March 2014 - TAG Immobilien AG ('TAG' in the following) todaysigned a contract with Apollo European Principal Finance Fund II, a fundaffiliated with Apollo Global Management regarding the divestment of itsapproximately 270,000 sqm commercial real estate portfolio held via TAGGewerbeimmobilien GmbH ('TAG GI' in the following). The sale will beperformed as a share deal at a value of approx. EUR 297 million and a smallbook profit at TAG is expected. TAG will retain a 20% holding in TAG GI.The parties expect the deal to be concluded during the second quarter of2014.Press enquiries:TAG Immobilien AGHead of Investor & Public RelationsDominique MannPhone +49 (0) 40 380 32 300Fax +49 (0) 40 380 32 390pr@tag-ag.com28.03.2014 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: TAG Immobilien AG Steckelhörn 5 20457 Hamburg GermanyPhone: 040 380 32 0Fax: 040 380 32 390E-mail: ir@tag-ag.comInternet: www.tag-ag.comISIN: DE0008303504, XS0954227210WKN: 830350, A1TNFUIndices: MDAXListed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
