Deutsche Asset Management Inc. acquired a 91% stake in Loop5 Shopping Centre GmbH from Rallye S.A. (ENXTPA:RAL), Fonciere Euris S.A. (ENXTPA:EURS) and Sonae Sierra SGPS S.A. on February 1, 2016. Post-transaction, Sonae Sierra will remain a minority shareholder with a 9% stake in Loop5. Fonciere Euris will receive €14 million while Rallye will receive €19 million as proceeds in the transaction. The transaction also involves a performance based earn-out Payable received by 2020.

Hanns-William Mülsch, David Neuhoff and Jan Schlömer of Berwin Leighton Paisner and Heiko Gemmel and Nico Neukam of Hogan Lovells acted as legal advisors to Rallye, Fonciere Euris and Sonae Sierra. JLL acted as real-estate advisor to Rallye, Fonciere Euris and Sonae Sierra. Niko Schultz-Süchting, Gerrit Beckhaus, Julia Sellmann, Felix-Tessen von Gerlach, Thomas Jörgens, Joyce von Marschall, Frank Röhling and Uwe Salaschek of Freshfields Bruckhaus Deringer US LLP acted as legal advisors to Rallye S.A. (ENXTPA:RAL), Fonciere Euris S.A. (ENXTPA:EURS) and Sonae Sierra SGPS.

Deutsche Asset Management Inc. completed the acquisition of a 91% stake in Loop5 Shopping Centre GmbH from Rallye S.A. (ENXTPA:RAL), Fonciere Euris S.A. (ENXTPA:EURS) and Sonae Sierra SGPS S.A. on February 1, 2016.