20.09.2015

LEG Immobilien AG: Management Board and Supervisory Board support Business Combination of LEG Immobilien AG and Deutsche Wohnen AG

LEG Immobilien AG  / Key word(s): Offer

20.09.2015 17:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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LEG Immobilien AG: Management Board and Supervisory Board support Business
Combination of LEG Immobilien AG and Deutsche Wohnen AG

LEG Immobilien AG and Deutsche Wohnen AG have signed today an agreement on
the business combination of the companies. The combination shall be
structured as voluntary offer of Deutsche Wohnen AG to the shareholders of
LEG Immobilien AG to tender their LEG name shares in exchange for Deutsche
Wohnen shares. Deutsche Wohnen intends to offer 3.30 newly-issued Deutsche
Wohnen shares in exchange for one LEG share (subject to final determination
of the minimum price). The newly-issued shares of Deutsche Wohnen AG shall
carry dividend rights for the period starting on January 1, 2015. The
exchange ratio values the equity capital of LEG Immobilien AG at EUR 4,624
million. The business combination shall be closed until the end of December
2015. The business combination aims at creating a leading European
residential real estate company, the improvement of the operative
performance and the achievement of synergies. The new group created by the
business combination shall further pursue the current growth strategy by
using the resulting synergies to realize additional value for the
shareholders of the joint group.


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Language:     English
Company:      LEG Immobilien AG
              Hans-Böckler-Straße 38  
              40476 Düsseldorf
              Germany
Phone:        +49 (0) 211 / 4568 - 0
Fax:          +49 (0) 211 / 4568 - 261
E-mail:       
Internet:     www.leg-nrw.de
ISIN:         DE000LEG1110
WKN:          LEG111
Indices:      MDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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