ISARIA Wohnbau AG / Key word(s): Acquisition/Capital Increase
14.07.2013 18:09
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Communiqué for Immediate Release
ISARIA Wohnbau AG Acquires Hamburg-Based 'One Group'
Munich, 14 July 2013 - ISARIA Wohnbau AG in Munich just signed an agreement
to acquire the company One Group GmbH in Hamburg. The acquisition is to be
finalised before the end of 2013. The supervisory board of ISARIA Wohnbau
AG approved the acquisition today.
Formed in 2009, One Group is an issuing house for project development
funds. In the future, these will invest in Munich in the project pipeline
of ISARIA Wohnbau AG. In other German cities, One Group will continue to
cooperate with other project developers. In addition, ISARIA and One Group
plan to work together in other business lines, too.
The acquisition will be transacted within the framework of an increase in
kind, and will involve the issuance of up to 3 million new shares by ISARIA
Wohnbau AG
- End of communiqué for immediate release -
About ISARIA Wohnbau
ISARIA Wohnbau AG is one of the leading project developers for residential
construction in Munich. Formed in 1995, the company has been listed on the
Prime Standard of Deutsche Börse since 2010. The spectrum of projects
realised extends from multi-unit houses, to terrace housing, and all the
way to the revitalisation of existing buildings, enabling ISARIA Wohnbau to
provide residential real estate to suit the requirements of diverse
customer target groups either for owner-occupation or as equity investment.
For details go to: www.isaria-wohnbau.de
Company contact
ISARIA Wohnbau AG
Leopoldstrasse 8 | D-80802 Munich
Tel.: +49 (0)89 38 99 84-0 | Fax: +49 (0)89 38 99 84-770
E-mail: info@isaria-wohnbau.de | Web: www.isaria-wohnbau.de
14.07.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ISARIA Wohnbau AG
LeopoldstraÃe 8
80802 München
Germany
Phone: +49 (0)89 38 99 84-0
Fax: +49 (0)89 38 99 84-760
E-mail: info@isaria-wohnbau.de
Internet: www.isaria-wohnbau.de
ISIN: DE000A1E8H38
WKN: A1E8H3
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: ISARIA Wohnbau AG Acquires Hamburg-Based 'One Group'
| Source: EQS Group AG