Hamburg, May 23, 2022 – Deutsche EuroShop AG, Hamburg The issuer is solely responsible for the content of this announcement. ————————————————– ————————- Oaktree and CURA conclude an investor agreement for a voluntary public tender offer * The partner company will announce a voluntary public tender for a total value of EUR 22.50 per share in cash * Bonus of 44.0% of the closing price of the shares on May 20, 2022 * Management and Supervisory Board of Deutsche EuroShop support the offer Hamburg, May 23, 2022 – Deutsche EuroShop AG, Hamburg (“Companies”), concluded in today, an investor agreement with Hercules BidCo GmbH, Munich (the “Offeror”) under which the Offeror will announce a voluntary public offer to take over (the “Offer”) of all of the Company’s outstanding shares for EUR 21.50 apiece, will be made in cash. In addition, the shareholders of the Company who accept the offer will receive a dividend payout amount to be paid for the 2021 financial year, which is expected to be EUR 1.00 per share, for a total offering value of EUR 22.50 per share. The bidder is a subsidiary of Hercules Holdings S.à rl, a future holding company that will be jointly controlled by the affiliates of Oaktree Capital Group Holdings GP, LLC and the limited partnership CURA Vermögensverwaltung GmbH & Co., ultimately controlled by Mr. Alexander Otton. The offer values Deutsche EuroShop at a capital value of approximately EUR 1.4 billion. The offer corresponds to a premium of 44.0% on the closing price of Xetra shares on May 20, 2022 (€ 15.63). The bidder intends to submit the bid document to BaFin in due time and the approval period is expected to start in June 2022. The bid is subject to a minimum acceptance threshold of 50.0% plus one Company share (including some shares already held by Mr. Alexander Otto and his company controlled, including the limited partnership CURA Vermögensverwaltung GmbH & Co.) and certain other customary conditions, including merger control permits, acquisitions by the European Commission or competent authorities, if any, in individual Member States of the European Union. The transaction is to be closed in the third quarter of 2022. Pursuant to the Investor Agreement, the Management Board and Supervisory Board of the Company welcome and support the proposed offer and believe that the transaction is in the best interest of the Company. Subject to consideration of the offer document to be published by the Offeror in the course of its implementation, the Management Board and the Supervisory Board intend to recommend the Company’s shareholders to accept the Offer. Due to the change in the shareholding structure, in the event of successful implementation of the offer, the company will cancel the ordinary general meeting convened for June 23, 2022 and convene it again by the end of August 2022. Further information about the Offer will be made available after its publication on the Deutsche EuroShop website or by the Bidder . Deutsche EuroShop is advised by Deutsche Bank, which – like Rothschild & Co – was commissioned to draw up a fairness opinion. Norton Rose Fulbright acts as solicitor. Deutsche EuroShop – Die Shoppingcenter-AG Deutsche EuroShop is the only German joint-stock company that invests exclusively in shopping centers in top-class locations. SDAX is currently involved in 21 shopping centers in Germany, Austria, Poland, the Czech Republic and Hungary. The portfolio includes Main-Taunus-Zentrum near Frankfurt, Altmarkt-Galerie in Dresden and Galeria Bałtycka in Gdańsk ————————- – – ———————————————— 05 / 23/2022 Publication of Corporate News / Financial News broadcast by DGAP – EQS Group AG website. The issuer / publisher is responsible for the content of the application. DGAP’s distribution services include statutory reporting, corporate / financial news, and press releases. Media archive at http://www.dgap.de ————————————– – – ———————————– Language: German Company: Deutsche EuroShop AG Heegbarg 36 22391 Hamburg Germany Tel: +49 (0) 40 413 579-0 Fax: +49 (0) 40 413 579-29 E-mail: [email protected] Internet: www.deutsche-euroshop.de ISIN: DE0007480204 WKN: 748020 Indices: SDAX exchanges: Regulated market in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1358349 End of DGAP News-Service ———————- – ————————————————- – – 1358349 05/23/2022 °
The best jobs of the day
Find the best job offers now and
be notified by e-mail.