DGAP-News: Deutsche Annington Immobilien SE: planned IPO postponed
(firmenpresse) - DGAP-News: Deutsche Annington Immobilien SE / Key word(s): IPO/Real
Estate
Deutsche Annington Immobilien SE: planned IPO postponed
02.07.2013 / 23:14
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PRESS RELEASE
Deutsche Annington Immobilien SE: planned IPO postponed
Bochum, 02.07.2013 - The shareholder of Deutsche Annington Immobilien SE
('Deutsche Annington'), Germany's largest privately held residential real
estate company in terms of portfolio value and number of units owned,
Monterey Holding I S.àr.l. ('Monterey'), has decided to postpone the
planned initial public offering ('IPO') of the Company due to persistent
adverse market conditions.
'This decision does not impact Deutsche Annington's strategy,' said Rolf
Buch, CEO of Deutsche Annington Immobilien SE. 'Based on our strong
financial position, we will focus on driving our operational performance
including continuing our investment and modernisation programme as
planned.'
The listing of the shares on the Prime Standard of the regulated market of
the Frankfurt Stock Exchange was originally planned for 3 July 2013. The
company along with the shareholder will continue to evaluate the market
environment regarding a potential IPO in the future.
***
About Deutsche Annington
Deutsche Annington is Germany's largest privately held residential real
estate company in terms of portfolio value and number of units owned. As of
31 March 2013, Deutsche Annington owned more than 180,000 residential units
with an aggregate fair value of EUR 10.4 billion. Deutsche Annington
operates nationwide with the majority of its portfolio being situated in
the old German Federal States (Alte Bundesländer) including Berlin.
Deutsche Annington is headquartered in Bochum and employs about 2,400
employees.
Press contact:
Sabine Morgenthal
+49 174 3258886
smorgenthal(at)brunswickgroup.com
Paul Scott
+49 172 3000703
pscott(at)brunswickgroup.com
Natalie Jakubik
+49 234 314 - 1619
natalie.jakubik(at)deutsche-annington.com
End of Corporate News
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02.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Deutsche Annington Immobilien SE
Philippstraße 3
44803 Bochum
Germany
Phone: +49 234 314 1761
Fax: +49 234 314 888 1761
E-mail: investorrelations(at)deutsche-annington.com
Internet: www.deutsche-annington.com
ISIN: DE000A1ML7J1
WKN: A1ML7J
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / designated to be listed
End of News DGAP News-Service
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219570 02.07.2013
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Datum: 02.07.2013 - 23:14 Uhr
Sprache: Deutsch
News-ID 275282
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