Europe financial news

Change of Title to CARDEA EUROPE AG and new strategic alignment

DGAP-Advert-hoc: DESIAG Deutsche Supermarkt Immobilien AG / Key phrase(s): Funding/Settlement
DESIAG Deutsche Supermarkt Immobilien AG: Change of Title to CARDEA EUROPE AG and new strategic alignment

05-Dec-2021 / 19:19 CET/CEST
Disclosure of an inside data acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely accountable for the content material of this announcement.

DESIAG Deutsche Supermarkt Immobilien AG

Frankfurt am Predominant, Deutschland den 05.12.2021
Advert-Hoc Information

DESIAG Deutsche Grocery store Immobilien AG (“DESIAG”) proclaims that CARDEA Company Holding Inc. from Atlanta within the state of Georgia, USA (“CARDEA”) – www.cardeacap.com – has taken over 49% of the share capital of DESIAG, as properly and an choice to take over an additional 51% of the share capital within the subsequent 36 months. As a part of this strategic funding, the identify shall be modified from DESIAG Deutsche Grocery store Immobilien AG to CARDEA Europe AG. CARDEA EUROPE AG’s enterprise is carried out from Frankfurt am Predominant; all deliberate actual property investments within the space of ??native retail and grocery store actual property will proceed to be bundled and managed beneath the corporate of DESIAG Asset GmbH – www.desiag.com – primarily based in Frankfurt am Predominant as a subsidiary of CARDEA EUROPE AG.

CARDEA Company Holding Inc. (“CARDEA”), www.cardeacap.com, with its subsidiaries Cardea Capital Group Inc. and Cardea Capital Advisors LLC is an asset administration and funding administration firm, regulated by the Securities and Change Fee (SEC) within the USA, with roughly USD 3.2 Billion in exterior property beneath administration. CARDEA gives numerous providers for its personal and exterior asset managers with regards to asset administration and actual property investments, with the goal of rising via acquisitions and the consolidation of asset managers and actual property investments within the USA and Europe. The CARDEA Group has administration representations in addition to its personal CARDEA firm holdings within the USA, UK, Spain, Germany and Switzerland. With an current acquisition pipeline from American and European asset managers and wealth administration corporations, CARDEA goals to construct up property beneath administration of USD 15 billion within the medium time period.

Cristian Mantzke, CEO of DESIAG “We sit up for the funding of CARDEA Company Holding Inc. to assist their sustainable acquisition technique within the space of ??European asset managers and actual property investments in addition to the additional growth of the CARDEA Portfolio with our dedication”

DESIAG German grocery store actual property AG (“DESIAG”) is a inventory company specializing in German native suppliers and grocery store actual property.

DESIAG Deutsche Supermarkt Immobilien AG
Lurgiallee 14
D-60439 Frankfurt am Predominant.
Deutschland
+ 49 69 87 00 879 296

Disclaimer

Secure Harbor Assertion

No motion has been taken that will allow an providing of the securities or possession or distribution of this announcement in any jurisdiction the place motion for that goal is required. Individuals into whose possession this announcement comes are required to tell themselves about and to look at any such restrictions.

If any statements on this doc comprise forward-looking statements, such statements don’t symbolize details and are characterised by the phrases ‘will’, ‘count on’, ‘imagine’, ‘estimate’, ‘intend’, ‘goal’, ‘assume’ or related expressions. Such statements categorical the intentions, opinions or present expectations and assumptions of DESIAG and/or CARDEA EUROPE AG and the individuals performing along with DESIAG and/or CARDEA EUROPE AG. Such forward-looking statements are primarily based on present plans, estimates and forecasts which DESIAG and/or CARDEA EUROPE AG and the individuals performing along with DESIAG and / or CARDEA EUROPE AG have made to the most effective of their data, however which don’t declare to be right sooner or later. Ahead-looking statements are topic to dangers and uncertainties which are tough to foretell and often can’t be influenced by DESIAG and / or CARDEA EUROPE AG or the individuals performing along with DESIAG and / or CARDEA EUROPE AG. It ought to be stored in thoughts that the precise occasions or penalties could differ materially from these contained in or expressed by such forward-looking statements.

The knowledge contained on this announcement is for background functions solely and doesn’t purport to be full or full. No reliance could also be positioned for any goal on the data contained on this announcement or its accuracy or completeness. The knowledge on this announcement is topic to alter.

Finish of advert hoc announcement

 

05-Dec-2021 CET/CEST The DGAP Distribution Providers embrace Regulatory Bulletins, Monetary/Company Information and Press Releases.
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