DGAP-News: Adler Group S.A. / Key word(s): Strategic Company Decision Adler Group S.A. has decided to initiate a review of strategic options for its residential yielding portfolio 2021-10-04 / 07:53 The issuer is solely responsible for the content of this announcement.
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Adler Group S.A. has decided to initiate a review of strategic options for its residential yielding portfolio which could result in a sale of a material part of its yielding assets, following strong inbound demand and recent upward market valuations
- Strategic review with objective to achieve material value creation for stakeholders
- Significant deleveraging alongside capital returns to shareholders
Berlin, 04 October 2021 - After having been approached by several large institutional real estate investors showing strong interest, Adler Group S.A. ("Adler Group") has initiated a review of strategic options for its yielding real estate portfolio which could result in the sale of a material part of its yielding assets. Proceeds from such disposals aim to significantly reduce leverage and also to return capital to bond and equity holders.
Maximilian Rienecker and Thierry Beaudemoulin, Co-CEOs of Adler Group, explain: "We intend to take advantage of the strong investment market for yielding residential assets in Germany in order to accelerate deleveraging and to return funds to both bond and equity holders."
Contact Investor Relations: T +352 278 456 710 F +352 203 015 00 E investorrelations@adler-group.com
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2021-10-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Adler Group S.A. 1B Heienhaff 1736 Senningerberg Luxemburg Phone: +352 278 456 710 Fax: +352 203 015 00 E-mail: investorrelations@adler-group.com Internet: www.adler-group.com ISIN: LU1250154413 WKN: A14U78 Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX EQS News ID: 1237851 End of News DGAP News Service =------------
1237851 2021-10-04
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October 04, 2021 01:53 ET (05:53 GMT)