News
01/27/2011
Deutsche Wohnen AG: Oaktree investment in Deutsche Wohnen
Corporate News: Deutsche Wohnen AG: Oaktree investment in Deutsche Wohnen
Deutsche Wohnen AG / Key word(s): Miscellaneous
27.01.2011 / 12:19
It was announced today that the Oaktree Capital Group's funds had sold
their 11.35% share in Deutsche Wohnen AG. Chief Financial Officer Helmut
Ullrich comments this decision:
'Oaktree Capital Management has placed its remaining shares in Deutsche
Wohnen on the market. This seems to be consistent, given that Oaktree sold
half of its investment in October 2010. That shift in share ownership meant
that other big-name investors came on board and led to a sustainable
increase in our share's liquidity.
Oaktree has given Deutsche Wohnen long-term support since 2007 - and has
backed GEHAG since 2004. In turn, we were able to provide impressive proof
that our business model works. We are active in the most attractive
metropolitan areas, the residential asset class is becoming increasingly
important for national and international investors alike, and our operating
result has been improving for years. All this means that we will continue
on our successful growth path with our new shareholder structure.'
Deutsche Wohnen AG will receive voting rights announcements indicating who
has purchased shares exceeding 3% in the next few days.
Deutsche Wohnen
Deutsche Wohnen is Germany's second-largest listed residential property
company with a business focus on managing and developing its residential
property portfolio. The portfolio comprises 47,665 units in total, of which
47,209 are residential units and 456 are commercial properties. Its
portfolio consists of 47,665 units in total, of which 47,209 are
residential units and 456 commercial properties. The Company has 81.84
million shares listed in the Deutsche Börse's MDAX from December 2010 and
is also included in the leading indices EPRA/NAREIT and GPR 250.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
---------------------------------------------------------------------
27.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt
Deutschland
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-507
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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110202 27.01.2011
Deutsche Wohnen AG / Key word(s): Miscellaneous
27.01.2011 / 12:19
It was announced today that the Oaktree Capital Group's funds had sold
their 11.35% share in Deutsche Wohnen AG. Chief Financial Officer Helmut
Ullrich comments this decision:
'Oaktree Capital Management has placed its remaining shares in Deutsche
Wohnen on the market. This seems to be consistent, given that Oaktree sold
half of its investment in October 2010. That shift in share ownership meant
that other big-name investors came on board and led to a sustainable
increase in our share's liquidity.
Oaktree has given Deutsche Wohnen long-term support since 2007 - and has
backed GEHAG since 2004. In turn, we were able to provide impressive proof
that our business model works. We are active in the most attractive
metropolitan areas, the residential asset class is becoming increasingly
important for national and international investors alike, and our operating
result has been improving for years. All this means that we will continue
on our successful growth path with our new shareholder structure.'
Deutsche Wohnen AG will receive voting rights announcements indicating who
has purchased shares exceeding 3% in the next few days.
Deutsche Wohnen
Deutsche Wohnen is Germany's second-largest listed residential property
company with a business focus on managing and developing its residential
property portfolio. The portfolio comprises 47,665 units in total, of which
47,209 are residential units and 456 are commercial properties. Its
portfolio consists of 47,665 units in total, of which 47,209 are
residential units and 456 commercial properties. The Company has 81.84
million shares listed in the Deutsche Börse's MDAX from December 2010 and
is also included in the leading indices EPRA/NAREIT and GPR 250.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
---------------------------------------------------------------------
27.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt
Deutschland
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-507
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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110202 27.01.2011