ADLER Real Estate Aktiengesellschaft (DB:ADL) completed the acquisition of 94.9% stake in Westgrund Aktiengesellschaft (DB:WEG1) from for approximately 390 million.
On June 5, 2015, it was announced that at the end of the acceptance period of May 28, 2015, a total of 87.75% of the capital and voting rights to Westgrund AG had accepted the takeover offer. The total number of Westgrund shares for which the takeover offer has been accepted and the number of Westgrund shares in respect of shareholders which have announced irrevocable undertakings to accept the tender offer is equivalent to 93.58% of share capital of Westgrund AG. The additional acceptance period for the takeover offer runs until June 16, 2015.
Oddo Seydler Bank AG acted as financial advisor in the transaction for ADLER. Drank Regelin, Christoph Naumann and Jan-Peter Heise of Norton Rose Fulbright LLP acted as legal advisors to ADLER Real Estate. Steffen Schniepp, Christian Hensel, Nils Peter Brügmann, Andreas Rupp, Hendrik Stroborn, Julia Lippke and Fabian Reichert of PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwaltsgesellschaft acted as legal advisors to Wecken & Cie. Mirko Sickinger, Tobias Nagel, Lena Pfeufer of Heuking Kühn Lüer Wojtek acted as legal advisors for Wecken & Cie and Westgrund. equinet Bank AG provided a fairness opinion to the management Board and Supervisory Board of Westgrund.
ADLER Real Estate Aktiengesellschaft (DB:ADL) completed the acquisition of 94.9% stake in Westgrund Aktiengesellschaft (DB:WEG1) from for approximately 390 million on June 23, 2015.