News
09/02/2013
Antitrust clearance granted for the intended takeover of GSW Immobilien AG
Corporate News: Antitrust clearance granted for the intended takeover of GSW Immobilien AG
Deutsche Wohnen AG / Key word(s): Offer
02.09.2013 / 16:46
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
Corporate News
Antitrust clearance granted for the intended takeover of GSW Immobilien AG
Frankfurt/Main and Berlin, 02 September 2013. On 30 August 2013, the
Federal Cartel Office approved the proposed takeover by Deutsche Wohnen AG
of GSW Immobilien AG.
At 20 August 2013 Deutsche Wohnen AG announced that it intends to make a
public exchange offer for all outstanding shares of GSW Immobilien AG. The
combination would create a leading German residential property company with
a portfolio of approximately 150,000 residential units and a total
portfolio value of approximately EUR 8.5 billion (as at 30 June 2013).
Deutsche Wohnen
Deutsche Wohnen is one of the largest publicly listed residential property
companies in Germany with a business focus on managing and developing its
residential property portfolio. As at 30 June 2013 the portfolio comprised
around 90,600 units in total, of which 89,500 are residential units and
1,100 are commercial properties. The company is listed in the Deutsche
Börse's MDAX and is also included in the leading indices EPRA/NAREIT and
GPR 250.
Disclaimer
This announcement is neither an offer to exchange nor a solicitation of an
offer to exchange GSW Immobilien AG shares. Moreover, the announcement is
neither an offer to purchase nor a solicitation to purchase Deutsche Wohnen
AG shares. The final terms and further provisions regarding the public
takeover offer will be disclosed in the offer document after the
publication has been approved by the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Furthermore,
Deutsche Wohnen AG reserves the right to deviate in the final terms of the
public takeover offer from the basic information described herein.
Investors and holders of GSW Immobilien AG shares are strongly recommended
to read the offer document and all documents in connection with the public
takeover offer as soon as they are published, since they will contain
important information.
Subject to the exceptions described in the offer document as well as any
exemptions that may be granted by the relevant regulators, a public
takeover offer will not be made directly or indirectly, in or into the USA
or any other jurisdiction where to do so would constitute a violation of
the laws of such jurisdiction. The takeover offer will be carried out under
exclusion of the use of the mails or any other means or instruments of
interstate or foreign commerce (inter alia, transmission by facsimile,
telephone or internet) in the USA and under exclusion of any facility of a
national securities exchange of the USA. Accordingly, the sending or any
other distribution of this announcement or any other accompanying document
by mail, their forwarding or transmission in or into the USA is not
permitted.
The Deutsche Wohnen AG shares have not been nor will they be registered
under the U.S. Securities Act of 1933 as amended or with any securities
regulatory authority of a state or any other jurisdiction in the USA.
Therefore, subject to certain exceptions, Deutsche Wohnen AG shares must
not be offered or sold within the USA or any other jurisdiction where to do
so would constitute a violation of the laws of such jurisdiction. There
will be no registration of the Deutsche Wohnen AG shares mentioned herein
pursuant to the relevant laws in the USA. There will be no public offering
in the USA. Subject to certain exceptions, Deutsche Wohnen AG shares must
not be sold, or offered, to persons in the USA.
To the extent permissible under applicable law or regulation, and in
accordance with normal German market practice, Deutsche Wohnen AG or its
brokers may purchase, or conclude agreements to purchase, GSW Immobilien AG
shares, directly or indirectly, out of the public takeover offer, before,
during or after the period in which the offer remains open for acceptance.
This applies to other securities which are directly convertible into,
exchangeable for, or exercisable for GSW Immobilien AG shares. These
purchases may be completed via the stock exchange at market prices or
outside the stock exchange at negotiated conditions. Any information on
such purchases will be disclosed as required by law or regulation in
Germany or any other relevant jurisdiction.
If any announcements in this document contain forward-looking statements,
such statements do not represent facts and are characterized by the words
'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or
similar expressions. Such statements express the intentions, opinions or
current expectations and assumptions of Deutsche Wohnen AG and the persons
acting together with Deutsche Wohnen AG. Such forward-looking statements
are based on current plans, estimates and forecasts which Deutsche Wohnen
AG and the persons acting together with Deutsche Wohnen AG have made to the
best of their knowledge, but which do not claim to be correct in the
future. Forward-looking statements are subject to risks and uncertainties
that are difficult to predict and usually cannot be influenced by Deutsche
Wohnen AG or the persons acting together with Deutsche Wohnen AG. It should
be kept in mind that the actual events or consequences may differ
materially from those contained in or expressed by such forward-looking
statements.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
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Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt
Germany
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
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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