Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. LEG Immobilien SE
  6. News
  7. Summary
    LEG   DE000LEG1110

LEG IMMOBILIEN SE

(LEG)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/25 08:36:01 am
134.2 EUR   -0.74%
10/19LEG IMMOBILIEN : NorldLB sticks Neutral
MD
10/11Stellar mining rally helps European stocks recoup losses
RE
10/11GLOBAL MARKETS LIVE : Facebook, Apple, KKR, Adler, Roche...
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LEG Immobilien SE: Conclusion of a letter of intent on the acquisition of properties of Adler Group

10/10/2021 | 10:50pm EDT

DGAP-Ad-hoc: LEG Immobilien SE / Key word(s): Letter of Intent/Acquisition LEG Immobilien SE: Conclusion of a letter of intent on the acquisition of properties of Adler Group 11-Oct-2021 / 04:48 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.

-----------------------------------------------------------------------------------------------------------------------

Düsseldorf, October 11, 2021

LEG Immobilien SE: Conclusion of a letter of intent on the acquisition of properties of Adler Group

- LEG Immobilien and Adler Group conclude letter of intent on the acquisition of approximately 15,350 residential units of the Adler Group by LEG Immobilien

- Subject to due diligence, LEG Immobilien will acquire the residential units at the current market price

- Parties agree on a period of exclusivity LEG Immobilien SE and Adler Group S.A. have today, with the approval of their respective boards, entered into a letter of intent for the acquisition of approximately 15,350 residential units of Adler Group.

Subject to a standard market due diligence review, the parties have agreed that LEG Immobilien will acquire these residential properties at market price. Apart from that, the parties will finalize the further parameters of the agreement in the course of the next weeks. The parties have agreed on exclusivity for the purpose of due diligence and finalization of the relevant contractual documentation. The management of LEG Immobilien waives the contractually agreed transaction bonus for this transaction.

For LEG Immobilien, the arrangement with Adler Group is a consistent step in the expansion of its portfolio as part of its strategy. The portfolio is focused on LEG's core product ,affordable living'. The potential transaction would allow the company to further expand its market presence in North and Northwestern Germany - about 90 % of the units are located in Lower Saxony, Schleswig-Holstein and Bremen. Contact: Frank Kopfinger Head of Investor Relations & Strategy Tel. +49 (0)211/4568-550 Mob. +49 (0)1721739339

-----------------------------------------------------------------------------------------------------------------------

Information and Explanation of the Issuer to this News:

Important notice

This announcement is for information purposes only and neither constitutes an invitation to sell nor an offer to purchase securities.

To the extent any announcements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of LEG Immobilien and the persons acting jointly with LEG Immobilien. Such forward-looking statements are based on current plans, estimates and forecasts, which LEG Immobilien and the persons acting jointly with LEG Immobilien have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by LEG Immobilien or the persons acting jointly with LEG Immobilien. These expectations and forward-looking statements can turn out to be incorrect and the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.

-----------------------------------------------------------------------------------------------------------------------

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

-----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      LEG Immobilien SE 
              Hans-Böckler-Straße 38 
              40476 Düsseldorf 
              Germany 
Phone:        +49 (0) 211 / 4568 - 0 
Fax:          +49 (0) 211 / 4568 - 204 
E-mail:       ir@leg-se.com 
Internet:     www.leg-se.com 
ISIN:         DE000LEG1110 
WKN:          LEG111 
Indices:      MDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Stuttgart, Tradegate Exchange 
EQS News ID:  1239631 
 
End of Announcement  DGAP News Service 
=------------ 

1239631 11-Oct-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1239631&application_name=news

(END) Dow Jones Newswires

October 10, 2021 22:49 ET (02:49 GMT)

All news about LEG IMMOBILIEN SE
10/19LEG IMMOBILIEN : NorldLB sticks Neutral
MD
10/11Stellar mining rally helps European stocks recoup losses
RE
10/11GLOBAL MARKETS LIVE : Facebook, Apple, KKR, Adler, Roche...
10/11LEG IMMOBILIEN : Gets a Buy rating from Kepler Cheuvreux
MD
10/11LEG IMMOBILIEN : Berenberg reiterates its Buy rating
MD
10/11LEG IMMOBILIEN : Goldman Sachs reaffirms its Buy rating
MD
10/11ADLER S A : Group sells 20% of property portfolio to LEG Immobilien
RE
10/11PRESS RELEASE : ADLER Group S.A. to deliver on accelerated deleveraging with asset disposa..
DJ
10/11ADLER S A : to Sell $1.72 Billion Real Estate Portfolio to LEG Immobilien
MT
10/11LEG Immobilien SE entered into term sheet agreement to acquire Portfolio of 15,350 resi..
CI
More news
Analyst Recommendations on LEG IMMOBILIEN SE
More recommendations
Financials
Sales 2021 684 M 796 M 796 M
Net income 2021 1 442 M 1 676 M 1 676 M
Net Debt 2021 6 395 M 7 435 M 7 435 M
P/E ratio 2021 6,64x
Yield 2021 3,04%
Capitalization 9 747 M 11 338 M 11 333 M
EV / Sales 2021 23,6x
EV / Sales 2022 23,0x
Nbr of Employees 1 444
Free-Float 85,5%
Chart LEG IMMOBILIEN SE
Duration : Period :
LEG Immobilien SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LEG IMMOBILIEN SE
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 135,20 €
Average target price 148,61 €
Spread / Average Target 9,92%
EPS Revisions
Managers and Directors
Lars von Lackum Chief Executive Officer
Susanne Schr÷ter-Crossan Chief Financial Officer
Michael Zimmer Chairman-Supervisory Board
Volker Wiegel Chief Operating Officer
Stefan JŘtte Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
LEG IMMOBILIEN SE6.41%11 338
CHINA VANKE CO., LTD.-25.68%37 855
VONOVIA SE-9.54%36 174
DEUTSCHE WOHNEN SE20.26%21 013
VINGROUP JOINT STOCK COMPANY-4.55%14 904
VINHOMES JOINT STOCK COMPANY13.30%14 897