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DEMIRE Deutsche Mittelstand Real Estate AG: Apollo and Wecken & Cie. Initiate a Strategic Review of Their Stake in DEMIRE

·2-min read

DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Miscellaneous
DEMIRE Deutsche Mittelstand Real Estate AG: Apollo and Wecken & Cie. Initiate a Strategic Review of Their Stake in DEMIRE

15-Nov-2021 / 10:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of insider information pursuant to Article 17 of Regulation (EU) No 596/2014

Apollo and Wecken & Cie. Initiate a Strategic Review of Their Stake in DEMIRE

Langen, 15 November 2021 - DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has been informed by its major shareholders Apollo-managed funds and Wecken & Cie., that Apollo and Wecken & Cie. are conducting a review of options with regard to their stake in DEMIRE. Such review is in early stages and may or may not result in a transaction.

Amongst the options under review, Apollo and Wecken & Cie. are considering a sale of their entire stake to a strategic or financial investor which shall be well equipped to support the company in its next growth and value creation phase. Apollo and Wecken & Cie. are currently not contemplating a placing of any of their DEMIRE shares in the public equity market.

DEMIRE has retained J.P. Morgan as its financial advisor in connection with Apollo 's and Wecken & Cie.'s review and is cooperating with Apollo and Wecken & Cie. in this respect.

Disclaimer

This announcement does not constitute an offer to sell nor a solicitation to buy securities.

DEMIRE Deutsche Mittelstand Real Estate AG
The Management Board

Contact:

Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: +49 (0) 6103 372 49 44
Email: tegeder@demire.ag

15-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

DEMIRE Deutsche Mittelstand Real Estate AG

Robert-Bosch-Straße 11 im 'the eleven'

63225 Langen (Hessen)

Germany

Phone:

+49 6103 37249-0

Fax:

+49 6103 37249-11

E-mail:

ir@demire.ag

Internet:

www.demire.ag

ISIN:

DE000A0XFSF0

WKN:

A0XFSF

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange

EQS News ID:

1248943


 

End of Announcement

DGAP News Service

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