UK Markets close in 4 hrs 42 mins
Markets:

European stock markets push higher as Omicron strain concerns ease

MPC Capital exits Dutch real estate market and sells 100% of its shares in CAIRN Real Estate BV at a significant book profit

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

MPC Münchmeyer Petersen Capital AG / Key word(s): Disposal/Investment
MPC Capital exits Dutch real estate market and sells 100% of its shares in CAIRN Real Estate BV at a significant book profit

11-Nov-2021 / 07:55 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 INSIDE INFORMATION ACC. TO ARTICLE 17 MAR

MPC Capital exits Dutch real estate market and sells 100% of its shares in CAIRN Real Estate BV at a significant book profit

Hamburg, 11 November 2021 -- The Hamburg-based investment manager and co-investor MPC Mücnhmeyer Petersen Capital AG ("MPC Capital" or "Company") (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) is selling its Dutch real estate activities to London-based Schroder Private Assets Holdings Ltd., a subsidiary of the Schroders Group ("Schroders").

The transaction comprises all shares in Cairn Real Estate BV, a wholly-owned subsidiary of MPC Capital. The net purchase price amounts to approx. EUR 30 million.

Closing of the transaction is expected for Q1 2022 and is subject to approval by the relevant regulatory authorities and other customary conditions.

The sale of Cairn is expected to contribute with a book profit in the low double-digit million euro range to the earnings before taxes (EBT) of MPC Capital Group for the financial year 2022. MPC Capital will provide a financial outlook for 2022 in Q1 2022. The financial outlook for 2021 remains unchanged (lower revenue level and a substantial improvement in EBT compared to the previous year).

Contact and disclosing person pursuant to Article 17 of MAR
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347
Mail: s.zenker@mpc-capital.com

This communication contains future-related statements that are to some degree subject to risks and uncertainties. Future results may deviate considerably from those currently expected due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, exchange rate fluctuations, uncertainties arising from legal disputes or investigative proceedings, and access to financial resources. MPC Capital AG assumes no responsibility whatsoever for updating the future-related statements contained in this communication.

11-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:

MPC Münchmeyer Petersen Capital AG

Palmaille 75

22767 Hamburg

Germany

Phone:

+49 (0)40 380 22-0

Fax:

+49 (0)40 380 22-4878

E-mail:

kontakt@mpc-capital.com

Internet:

www.mpc-capital.de

ISIN:

DE000A1TNWJ4

WKN:

A1TNWJ

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1245286


 

End of Announcement

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting