TAG Immobilien AG's bid for DKB Immobilien AG accepted
TAG Immobilien AG / Key word(s): Acquisition26.03.2012 12:47Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------(Hamburg, 26. March 2012) Deutsche Kreditbank AG (DKB) today accepted TAGImmobilien AG's bid to buy DKB Immobilien AG. On 29 February 2012, TAGImmobilien AG ('TAG' in the following) had submitted a binding purchaseoffer for DKB Immobilien AG, with a cash component of EUR 160 million. DKBtoday announced that all committees have approved the awarding of the dealto TAG.The purchase price will largely be financed with a capital increase againstcash concluded last week by TAG Immobilien AG. The contract signing andtakeover of shares in DKB Immobilien AG are expected to take place in thenext few days. The transaction will increase TAG's residential propertyinventory by some 25,000 units to approx. 56,000 units, and increase thegroup's net balance sheet assets to approx. EUR 3 billion. 26.03.2012 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: DE0008303504WKN: 830350Indices: SDAXListed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
