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TTL Beteiligungs- und Grundbesitz-AG: TTL AG increases stake in Montano Asset Management GmbH to 50 percent

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TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Investment
TTL Beteiligungs- und Grundbesitz-AG: TTL AG increases stake in Montano Asset Management GmbH to 50 percent

17-May-2021 / 10:00 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.

Munich, 17 May 2021

TTL AG increases stake in Montano Asset Management GmbH to 50 percent

TTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009) acquires additional 20 percent of Montano Asset Management GmbH ("Montano"). The company is thus exercising an option that enables it to increase the stake it acquired in the real estate specialist in December 2020 from 30 percent to 50 percent.

The increase in the shareholding is implemented via the subscription of a capital increase by TTL AG. In the recent months, TTL and Montano have initiated several promising projects, some of which will enter the implementation phase at the beginning of the second half of the year. In addition, Montano intends to use the generated inflow of funds to continue its planned growth path at a faster pace.

The acquisition of the additional 20 percent of Montano is the last step in TTL's two-part investment in the high-growth real estate asset manager. The closing of the transaction is scheduled for May 2021.

Montano Asset Management GmbH is one of the leading independent core-plus and value-add real estate managers in the German commercial real estate market with property assets under management of currently around EUR 1.6 billion.


Notifying person
Theo Reichert
CEO
Phone: +49 89 381611-0
E-mail: presse@ttl-ag.de
 

Media and Investor Relations contact
Annette Kohler-Kruse
Instinctif Partners
Phone +49 89 3090 5189-21
ir@ttl-ag.de
presse@ttl-ag.de

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

Language:

English

Company:

TTL Beteiligungs- und Grundbesitz-AG

Theresienhöhe 28

80339 München

Germany

Phone:

+49 (0)89 381611-0

Fax:

+49 (0)89 3915-92

E-mail:

ir@ttl-ag.de

Internet:

www.ttl-ag.de

ISIN:

DE0007501009

WKN:

750100

Listed:

Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1196979


 

End of Announcement

DGAP News Service

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