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DGAP-Media / 2018-02-15 / 09:52
PRESS RELEASE
*Completion of mandatory offer for Accentro Real Estate AG shares *
_Luxembourg, 15 February 2018_ - Brookline Real Estate S.à r.l. ("Brookline
Real Estate"), a holding company controlled by Brookline Capital LP, which
is advised by Vestigo Capital Advisors LLP, a London-based investment
company, today announced that, after termination of the acceptance period on
8 February 2018, its mandatory offer has been accepted for a total of
2,038,717 Accentro Real Estate AG ("Accentro") shares, corresponding to
7.08% of the share capital and voting rights of Accentro.
Headquartered in Berlin, Accentro is a residential property company listed
on the regulated market of the Frankfurt Stock Exchange which focuses on the
socially responsible privatisation of residential property. Through its
subsidiary, Accentro GmbH, the company is a market leader in providing
privatisation services across Germany. Furthermore, Accentro purchases
housing stocks, which afterwards are privatised via proprietary trading.
Brookline Real Estate had offered Accentro shareholders EUR7.69 per Accentro
share in cash. The offer price represented the weighted average domestic
stock exchange price for the last three months prior to the announcement of
the attainment of control over Accentro by Brookline Real Estate on 30
November 2017.
The takeover of Accentro shares by Brookline Real Estate pursuant to the
mandatory offer is not subject to any regulatory approvals.
Kirkland & Ellis International LLP is providing legal advice to Brookline
Real Estate.
*About Brookline Real Estate S.à r.l.*
Brookline Real Estate S.à r.l. is a holding company controlled by Brookline
Capital LP advised by Vestigo Capital Advisors LLP ("Vestigo Capital").
Vestigo Capital is a FCA-regulated investment company that provides advice
to funds and other types of investment structures with a cumulative
portfolio of USD 250 million in assets under management. It currently
focuses on opportunities in renewable energy, real estate, infrastructure
and hospitality sectors. For more information visit
http://www.vestigocapital.com [1].
*Media contact*
Anna Steudel
CNC - Communications & Network Consulting AG
E anna.steudel@cnc-communications.com
T +49 69 5060 37567
*Important Notice*
This announcement is neither an offer to purchase nor a solicitation of an
offer to sell shares of Accentro. The terms of the offer, as well as further
provisions concerning the offer, have been published in the offer document.
The publication of the offer document has been approved by BaFin. Investors
and holders of shares in Accentro are strongly advised to read the offer
document and all other relevant documents regarding the offer, since they
contain important information.
This offer and the contracts concluded as a result of the acceptance of the
offer shall be governed by German law and are to be interpreted in
accordance with such law.
Luxembourg, 15 February 2018
Brookline Real Estate S.à r.l.
End of Media Release
Issuer: Brookline Real Estate S.à r.l.
Key word(s): Real estate
2018-02-15 Dissemination of a Press Release, transmitted by DGAP - a service
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654507 2018-02-15
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(END) Dow Jones Newswires
February 15, 2018 03:52 ET (08:52 GMT)
