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DESIAG Deutsche Supermarkt Immobilien AG: Change of Name to CARDEA EUROPE AG and new strategic alignment

·3-min read

DESIAG Deutsche Supermarkt Immobilien AG / Key word(s): Investment/Agreement
DESIAG Deutsche Supermarkt Immobilien AG: Change of Name to CARDEA EUROPE AG and new strategic alignment

05-Dec-2021 / 19:19 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.

DESIAG Deutsche Supermarkt Immobilien AG

Frankfurt am Main, Deutschland den 05.12.2021
Ad-Hoc News

DESIAG Deutsche Supermarket Immobilien AG ("DESIAG") announces that CARDEA Corporate Holding Inc. from Atlanta in the state of Georgia, USA ("CARDEA") - www.cardeacap.com - has taken over 49% of the share capital of DESIAG, as well and an option to take over a further 51% of the share capital in the next 36 months. As part of this strategic investment, the name will be changed from DESIAG Deutsche Supermarket Immobilien AG to CARDEA Europe AG. CARDEA EUROPE AG's business is conducted from Frankfurt am Main; all planned real estate investments in the area of ​​local retail and supermarket real estate will continue to be bundled and managed under the company of DESIAG Asset GmbH - www.desiag.com - based in Frankfurt am Main as a subsidiary of CARDEA EUROPE AG.

CARDEA Corporate Holding Inc. ("CARDEA"), www.cardeacap.com, with its subsidiaries Cardea Capital Group Inc. and Cardea Capital Advisors LLC is an asset management and investment management company, regulated by the Securities and Exchange Commission (SEC) in the USA, with approximately USD 3.2 Billion in external assets under management. CARDEA offers various services for its own and external asset managers on the subject of asset management and real estate investments, with the aim of growing through acquisitions and the consolidation of asset managers and real estate investments in the USA and Europe. The CARDEA Group has management representations as well as its own CARDEA company holdings in the USA, UK, Spain, Germany and Switzerland. With an existing acquisition pipeline from American and European asset managers and wealth management companies, CARDEA aims to build up assets under management of USD 15 billion in the medium term.

Cristian Mantzke, CEO of DESIAG "We look forward to the investment of CARDEA Corporate Holding Inc. to support their sustainable acquisition strategy in the area of ​​European asset managers and real estate investments as well as the further expansion of the CARDEA Portfolio with our commitment"

DESIAG German supermarket real estate AG ("DESIAG") is a stock corporation specializing in German local suppliers and supermarket real estate.

DESIAG Deutsche Supermarkt Immobilien AG
Lurgiallee 14
D-60439 Frankfurt am Main.
Deutschland
+ 49 69 87 00 879 296

Disclaimer

Safe Harbor Statement

No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

If any statements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of DESIAG and/or CARDEA EUROPE AG and the persons acting together with DESIAG and/or CARDEA EUROPE AG. Such forward-looking statements are based on current plans, estimates and forecasts which DESIAG and/or CARDEA EUROPE AG and the persons acting together with DESIAG and / or CARDEA EUROPE AG have made to the best of their knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by DESIAG and / or CARDEA EUROPE AG or the persons acting together with DESIAG and / or CARDEA EUROPE AG. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.

End of ad hoc announcement



 

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

Language:

English

Company:

DESIAG Deutsche Supermarkt Immobilien AG

Lurgiallee 14

60439 Frankfurt am Main

Germany

Phone:

069 - 870 08 79 296

E-mail:

investor-relations@desiag.com

Internet:

www.desiag.com

ISIN:

DE000A3H2ZP5

WKN:

A3H2ZP

Listed:

Regulated Unofficial Market in Frankfurt

EQS News ID:

1254270


Notierung vorgesehen. / Designated to be listed.

 

End of Announcement

DGAP News Service

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