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.
end of announcement euro adhoc
Further inquiry note:
Investor Relation
Tel.: +49(0)221/1305621-0
E-mail: ir@vivacon.de
Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
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Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / regulated dealing