- 08.12.2009, 17:01:06
- /
- OTS0087 OTW0087
EANS-Adhoc: VIVACON AG sold stake in Curanis group as well as a residential portfolio
--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
08.12.2009
Cologne, December 8th 2009. Vivacon AG (ISIN 000604 8911) has signed a purchase
contract with CONSUS Property Group AG, about the 80% stake in Curanis Holding
GmbH as well as a residential portfolio.
With the disposal of the 80% stake in Curanis Vivacon close down its property
management activities to further focus on its activities in asset management of
leasehold portfolios.
The residential portfolio compromises about 734 units with a total area of
approximately 47,000 sqm. The units are located predominantly in North
Rhine-Westphalia and Bremen.
The transaction is an important part in the context of the ongoing restructuring
of the Vivacon AG group. The disposal leads to a reduction of bank liabilities
in the amount of approximately EUR 44m.
Further inquiry note:
Investor Relation
Tel.: +49(0)221/1305621-0
E-mail: ir@vivacon.de
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: Vivacon AG Im Zollhafen 2-4 D-50678 Köln phone: +49 (0)221 1305621-782 FAX: +49 (0)221 1305621-952 mail: ir@vivacon.de WWW: http://www.vivacon.de sector: Real Estate ISIN: DE0006048911 indexes: SDAX, CDAX, Classic All Share, Prime All Share, DAX International 100
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, regulated dealing: München
language: English
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB