DGAP-News: TAG Immobilien AG: TAG Immobilien AG takes over control of DKB Immobilien AG

DGAP-News: TAG Immobilien AG: TAG Immobilien AG takes over control of DKB Immobilien AG

ID: 131098

(firmenpresse) - DGAP-News: TAG Immobilien AG / Key word(s): Miscellaneous
TAG Immobilien AG: TAG Immobilien AG takes over control of DKB
Immobilien AG

02.04.2012 / 16:52

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Hamburg, 2 April 2012 - TAG Immobilien AG ('TAG' in the following) has
taken over control of DKB Immobilien AG after winning the bidding procedure
administered by Deutsche Kreditbank AG for the sale of DKB Immobilien AG.
After the share transfer contract was signed and concluded last week, on 30
March 2012 the supervisory board of DKB Immobilien AG appointed Messrs Rolf
Elgeti and Georg Griesemann to the company's management board.

TAG has thus taken the first step towards integrating DKB Immobilien AG,
which will from now on be consolidated in and managed by TAG Immobilien AG
as a subsidiary. Messrs Wolfgang Schnurr and Stefan Lerch simultaneously
resigned their seats on the Board. Parallel to the management changeover,
Messrs Hans-Ulrich Sutter and Dr. Harboe Vaagt, members of the TAG
Immobilien AG Board,joined the supervisory board of DKB Immobilien AG. The
share transfer has become effective, so that DKB Immobilien AG will already
be consolidated in TAG within the first quarter of 2012.

'We welcome the new staff members to our group and look forward to working
with them to continue offering our tenants good service. TAG takes a
sustainable, long-view approach to residential property management. By
taking over DKB Immobilien AG, we have attained a structure and magnitude
that lets us do this economically. Together with my two fellow Board
members Ms Hoyer and Mr Griesemann, I greatly look forward to this task and
to working with them on it. I would like to thank the departing Board
members, Mr Schnurr and Mr Lerch. They have done outstanding work for DKB
Immobilien AG in recent years and have been formative in its growth and




positive performance,' says Chairman&CEO Rolf Elgeti.



Press enquiries:
TAG Immobilien AG
Investor&Public Relations
Britta Lackenbauer / Dominique Mann
Phone +49 40 380 32 0
Fax +49 40 380 32 390
pr(at)tag-ag.com


End of Corporate News

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02.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir(at)tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504
WKN: 830350Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart


End of News DGAP News-Service
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163634 02.04.2012


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Bereitgestellt von Benutzer: EquityStory
Datum: 02.04.2012 - 16:52 Uhr
Sprache: Deutsch
News-ID 131098
Anzahl Zeichen: 11625

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Kategorie:

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