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ACCENTRO REAL ESTATE AG

(A4Y)
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DGAP-Adhoc : ACCENTRO Steps Back from Acquisition of DIM Holding AG

05/12/2021 | 12:29pm EDT
DGAP-Ad-hoc: Accentro Real Estate AG / Key word(s): Takeover/Real Estate 
ACCENTRO Steps Back from Acquisition of DIM Holding AG 
12-May-2021 / 18:27 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. 
=---------------------------------------------------------------------------------------------------------------------- 
ACCENTRO Steps Back from Acquisition of DIM Holding AG 
Berlin, 12 May 2021 - ACCENTRO Real Estate AG decided today to sign a termination agreement concerning the 
sale-and-purchase agreement for the acquisition of DIM Holding AG ("Deutsche Immobilien Management"). Agreed 
performance obligations had not been met. Notwithstanding the rescission, the group confirms its forecast for the 2021 
financial year. At the same time, ACCENTRO reaffirms its strategy of diversifying and increasing its revenues through 
acquisitions in the property management segment. 
As a result of today's resolution by management board and supervisory board, the transaction is to be reversed. The 
acquisition of DIM Holding AG and the signing of the sale-and-purchase agreement had been announced by ACCENTRO AG on 
29 December 2020. The sale-and-purchase agreement allows ACCENTRO to withdraw if contractually defined performance 
obligations of the seller are not fulfilled. Notwithstanding the rescission of the sale-and-purchase agreement, 
ACCENTRO AG will continue its strategic collaboration with DIM Holding AG. In addition, ACCENTRO has also been granted 
an option whereby it can continue to acquire DIM Holding AG over the next 12 months. 
 
About ACCENTRO Real Estate AG 
ACCENTRO Real Estate AG is a residential property investor and Germany's market leader in housing privatisations. Its 
real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal 
points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business 
activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to 
owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the 
set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset 
holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of 
the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.ag 
 
Investor Relations Contact: 
Thomas Eisenlohr 
ACCENTRO Real Estate AG 
Kantstrasse 44/45 
D-10625 Berlin 
E-mail: eisenlohr@accentro.de 
Tel. +49 (0)30 - 88 71 81 272 
Press and Public Relations Contact: 
Christian Dose 
WMP EuroCom AG 
Barckhaus Strasse 1 
D-60325 Frankfurt 
E-mail: c.dose@wmp-ag.de 
Tel. +49 (0)69 2475689491 
Mobile: +49 173 6679900 
=---------------------------------------------------------------------------------------------------------------------- 
12-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:      Accentro Real Estate AG 
              Kantstr. 44/45 
              10625 Berlin 
              Germany 
Phone:        +49 (0)30 - 887 181 - 0 
Fax:          +49 (0)30 - 887 181 - 11 
E-mail:       info@accentro.ag 
Internet:     www.accentro.ag 
ISIN:         DE000A0KFKB3 
WKN:          A0KFKB 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1196065 
 
End of Announcement  DGAP News Service 
=------------ 

1196065 12-May-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1196065&application_name=news 
 

(END) Dow Jones Newswires

May 12, 2021 12:28 ET (16:28 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ACCENTRO REAL ESTATE AG 0.00% 8.4 Delayed Quote.-5.62%
DJ INDUSTRIAL 0.04% 34479.6 Delayed Quote.12.61%
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Financials
Sales 2021 192 M 233 M 233 M
Net income 2021 22,3 M 27,0 M 27,0 M
Net Debt 2021 568 M 687 M 687 M
P/E ratio 2021 12,2x
Yield 2021 1,49%
Capitalization 272 M 330 M 330 M
EV / Sales 2021 4,37x
EV / Sales 2022 3,37x
Nbr of Employees 93
Free-Float 12,1%
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Mean consensus BUY
Number of Analysts 6
Average target price 11,54 €
Last Close Price 8,40 €
Spread / Highest target 66,7%
Spread / Average Target 37,4%
Spread / Lowest Target -4,76%
EPS Revisions
Managers and Directors
NameTitle
Lars Schriewer Chief Executive Officer
Hans-Peter Kneip Chief Financial Officer
Axel Horst Harloff Chairman-Supervisory Board
Carsten Wolff Vice Chairman-Supervisory Board
Natig R. Ganiyev Member-Supervisory Board
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