DGAP-News: GIEAG Gewerbe Immobilien Entwicklungs AG: GIEAG successfully increases real capital.
(firmenpresse) - GIEAG Gewerbe Immobilien Entwicklungs AG / Capital Increase/Mergers&Acquisitions
08.03.2010 14:15
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Press release: GIEAG successfully increases real capital.
- GIEAG increases its capital stock by 1.9m EUR to 4.2m EUR
- Increase in real capital due to merger.
Munich, 08 March 2010: As decided at the annual shareholders meeting in
August 2009, the quoted company GIEAG Gewerbe Immobilien Entwicklungs AG
(GIEAG) increased its capital stock from previously 2.3m Euros and/or
shares to 4.2m Euros and/or shares as a result of the release of 1,900.000
shares. In return, GIEAG will receive all assets of the company Münchner
Beteiligungen Verwaltungs AG, which has merged with GIEAG. The new stocks
will now be securitized for the short term in a multiple share document and
then also be integrated into trade at the Frankfurt Stock Exchange.
Christoph Klotz, GIEAG Executive Board Member: 'With the shares of the
company Münchner Beteiligungen Verwaltungs AG (MB AG) we have obtained
access to an attractive piece of real estate in the western part of Munich,
which is very likely to be sold to a residential property developer this
year. The second main advantage of the merger is that we will be able to
increase existing potential for synergies within our corporate structure.
As a result of the merger of both joint stock companies we can now put
additional administrative potential to work and increase profits.'
Fellow Board member Kourosh Atabaki: 'The firm MB AG is solid. It has been
making profits foryears. As a management firm for project development, it
is an ideal addition to our existing business activities'.
End of the press release
About GIEAG Gewerbe Immobilien Entwicklungs AG (GIEAG):
The quoted project development company GIEAG Gewerbe Immobilien
Entwicklungs AG, which is abbreviated as GIEAG and was founded in December
1999, supports its clients from the initial idea, to the financial and
realization of projects, and on to the sale of the finished property. Its
main focus is the realization of long-term retailing projects, office
buildings, and logistic centers located primarily in southern Germany. In
addition, GIEAG also operates as an investor for residential real estate
with particularly high potential for development. The Internet site
www.gieag.de provides you an overview of our corporation, as well as its
history and our portfolio of services.
GIEAG Gewerbe Immobilien Entwicklung AG
- Investor Relations -
Widenmayerstraße 43
80538 Munich
ir(at)gieag.de
or by phone:
+49 (89) 29 05 16 - 0
08.03.2010 14:15 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 08.03.2010 - 14:15 Uhr
Sprache: Deutsch
News-ID 17167
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