DGAP-News: VIB Vermögen AG: Reinforced further development of the Group's Beverages segment
(firmenpresse) - VIB Vermögen AG / Strategic Company Decision
12.04.2010 07:30
Dissemination of a Corporate News, transmitted by
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- Capital increase with public offer being prepared for the Group's
subsidiary BHB Brauholding Bayern-Mitte AG
- Capital increase to accelerate independent, focused further development
of the Beverages segment
- Goal: To establish BHB Brauholding AG as a leading regional brand
- VIB Group's interest expected to fall below 50% after successful
execution
Neuburg/Danube, April 12, 2010 - VIB Vermögen AG, a company specializing in
property management for commercial real estate, believes that the further
development of the VIB Group's Beverages segment is right on track. The
Group's subsidiary BHB Brauholding Bayern-Mitte AG, Ingolstadt (BHB
Brauholding AG) recently announced that it was preparing a capital increase
with a public offer. The subsidiary BBI Bürgerliches Brauhaus Immobilien
AG, Ingolstadt (BBI Immobilien AG) holds a majority interest in BHB
Brauholding AG, and this company bundles the Group's operating brewery
business. The interest held by BBI Immobilien AG in the capital and voting
rights of BHB Brauholding AG is expected to fall below 50% after the
intended capital increase has been executed. This would lead to BHB
Brauholding AG and thus also the Beverages segment being deconsolidated in
the VIB Group.
The capital increase being prepared aims to accelerate BHB Brauholding AG's
independent, focused corporate strategy. In particular, the course already
taken of establishing BHB Brauholding AG as one of the leading regional
players is to be reinforced. In this regard, the company aims to increase
its market penetration and unite additional brands under the BHB
Brauholding AG umbrella. The brands Ingobräu and Gritschenbräu were already
successfully integrated during the past 24 months, in addition to the
famous HERRNBRÄU brand. The funds from the planned capital increase will be
used to further improve the competitive position as part of this regional
strategy.
Ludwig Schlosser, VIB Vermögen AG's CEO, believes that this is a further
milestone for the sustained success of the Beverages segment: 'We have
already laid the organizational foundations for independent, focused
further growth. Our current aim is to broaden the financial footing to
continue our regional strategy. The planned capital increase will enable
BHB Brauholding AG to act quickly and flexibly on the market in future.'
Despite the tense situation on the German beverages market, he believes
that there are promising opportunities for the company. 'To date, the
Beverages segment has mostly been able to detach itself from the trend in
the beverages industry,' commented the CEO, explaining the position on the
market. 'The regional strength of the integrated brands is a clear plus
point in this regard. BHB Brauholding AG will make even greater use of this
position in future.'
Peter Schropp, the member of VIB Vermögen AG's managing board responsible
for real estate, and also the sole member of BBI Immobilien AG's managing
board, underscored the advantages of focused further growth: 'Our core
business in the VIB Group is property management for commercial property.
At the same time, BHB Brauholding AG has a management team with many years'
experience and excellent knowledge of the industry. This planned capital
increase has given the decision makers what it takes to be able to make
even better use of the opportunities on the market.' Once the planned
capital increase has been successfully implemented, with the resulting
deconsolidation of BHB Brauholding AG, the VIB Group's reporting will be
able to focus on the real estate segment in future. 'That will enhance
transparency and clarity for all of those involved,' commented Peter
Schropp.
Profile of VIB Vermögen AG (incl. BBI Immobilien AG)
VIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized real
estate holding company, whose investments focus on commercial properties in
Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was
transformed to become an Aktiengesellschaft(German public limited company)
in 2000. Since then, the company has developed core competences in the
acquisition and management of its own properties and participating
interests in companies with real estate portfolios. The VIB Group pursues a
buy-and-hold strategy. It both acquires properties for its own portfolio
and also acquires existing properties.
The VIB Group's real estate portfolio includes various logistics properties
and industrial facilities, shopping and specialist retail centers as well
as commercial and service centers. The VIB Group generates sustainable
rental returns witha total rental area of approx. 645,000 m².
Contact
Investor relations:
VIB Vermögen AG
Petra Riechert
Phone: + 49 (0)8431 504-952
Fax: + 49 (0)8431 504-973
E-Mail: petra.riechert(at)vib-ag.de
Luitpoldstr. C70
86633 Neuburg/Danube
Germany
cometis AG
Dirk Stauer
Phone: +49 (0)611 205855-22
Fax: +49 (0)611 205855-66
E-Mail: dirk.stauer(at)vib-ag.de
65195 Wiesbaden
Germany
12.04.2010 07:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Deutschland
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: petra.riechert(at)vib-ag.de
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751
End ofNews DGAP News-Service
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Datum: 12.04.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 18825
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