12/10/2019

ADO Properties S.A.: Merger of subsidiary of ADLER Real Estate AG and major shareholder A.D.O. GROUP LTD completed

DGAP-News: ADO Properties S.A. / Key word(s): Miscellaneous
10.12.2019 / 11:44
The issuer is solely responsible for the content of this announcement.

ADO Properties S.A.: Merger of subsidiary of ADLER Real Estate AG and major shareholder A.D.O. GROUP LTD completed

Luxembourg, 10 December 2019 - ADO Properties S.A. ("the Company") was informed today that the merger of a fully owned subsidiary of ADLER Real Estate AG and the former direct major shareholder of the Company, A.D.O. GROUP LTD, has been completed. As a result, ADLER Real Estate AG is now sole shareholder of A.D.O. GROUP LTD and indirectly holds approx. 33.25 percent in ADO Properties.


About ADO Properties

ADO Properties is a company that focuses on the residential real estate sector and owns a property portfolio of around 18,000 units in Berlin. The company operates an entirely integrated, scalable in-house platform that includes a dedicated property administration. The portfolio of ADO Properties is concentrated in central locations inside Berlin's S-Bahn-Circle and in attractive districts on the city's periphery.


Contact:

Eyal Merdler, CFO


10.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

back