WESTGRUND Aktiengesellschaft: WESTGRUND AG initiates review of strategic options
WESTGRUND Aktiengesellschaft / Key word(s): Strategic Company Decision
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WESTGRUND AG initiates review of strategic options
Berlin, 4 October 2021:
WESTGRUND Aktiengesellschaft ("WESTGRUND") has been notified that its major shareholder ADLER Real Estate AG and ADLER Group S.A. today both decided to initiate a review of strategic options after ADLER Group S.A. was approached multiple times by interested institutional parties relating to its yielding assets portfolio. Any actions would serve to reduce leverage.
Subject to the approval of its supervisory board, WESTGRUND will itself initiate a review of strategic options. The process may result in the sale of a substantial part of the yielding assets directly and indirectly held by WESTGRUND. Potential proceeds could be used for measures still to be determined.
This release is neither an advertisement nor a securities prospectus and should not be relied upon in making any investment decision to purchase, subscribe for or otherwise acquire any securities. The information and opinions contained in this release are provided as at the date of this release, are subject to change without notice and do not purport to contain all information that may be required to evaluate WESTGRUND Aktiengesellschaft ("WESTGRUND"). No reliance may or should be placed for any purpose whatsoever on the information contained in this release, or any other information discussed verbally, or on its completeness, accuracy or fairness.
This release is not and may not be published, distributed or transmitted in the United States of America, Canada, Australia or Japan. This release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of WESTGRUND in the United States of America, Australia, Canada, Japan or any other jurisdiction in which such offer, sale or solicitation is unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities referred to herein may not and will not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.
Certain statements contained in this release may constitute "forward-looking statements" that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made by WESTGRUND that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations and prospects may differ materially from those projected or forecast in the forward-looking statements. WESTGRUND does not assume any obligation to update, and does not expect to publicly update, or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Berlin, 4 October 2021
04-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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