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Aroundtown SA

AT1.DE

Latest Trade

7.53EUR

Change

-0.10(-1.31%)

Volume

2,207,943

Today's Range

7.51

 - 

7.65

52 Week Range

6.85

 - 

7.95

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

TLG Immobilien And Aroundtown Agree On Business Combination

Nov 18 (Reuters) - Tlg Immobilien Ag <TLGG.DE>::DGAP-ADHOC: TLG IMMOBILIEN AND AROUNDTOWN AGREE ON BUSINESS COMBINATION AND EXCHANGE OFFER FOR ALL SHARES IN TLG IMMOBILIEN.CONSIDERATION OFFERED AND PAID BY AROUNDTOWN SHALL COMPRISE 3.6 AROUNDTOWN SHARES FOR EACH TLG SHARE.EXPECTS COMBINED COMPANY IMPROVEMENT IN PRE-TAX FFO IN RANGE OF EUR 110 MILLION TO EUR 139 MILLION PER YEAR WITHIN FIVE YEARS POST-MERGER.UPON SUCCESSFUL CONSUMMATION OF TRANSACTION, COMBINED GROUP WOULD CARRY NEW NAME & CONTINUE TO HAVE ITS GERMAN OPERATIONAL HEADQUARTERS IN BERLIN.OURAM HOLDING S.À R.L., TLG'S LARGEST SHAREHOLDER, COMMITTED TO TENDERING ITS APPROXIMATELY 28% STAKE IN TLG INTO OFFER.POST-MERGER, CO HAS RIGHT TO NOMINATE TWO OUT OF FIVE MEMBERS OF AROUNDTOWN'S MANAGEMENT BODY.

TLG Immobilien, Aroundtown Agree On Essential Terms For Potential Merger

Oct 26 (Reuters) - Tlg Immobilien Ag <TLGG.DE>::TLG IMMOBILIEN AND AROUNDTOWN AGREE ON ESSENTIAL TERMS FOR POTENTIAL MERGER.COMBINED COMPANY IS CONTEMPLATED TO DO BUSINESS UNDER A NEW NAME TO BE DEFINED BY AROUNDTOWN AND TLG.COMBINED COMPANY IS CONTEMPLATED TO HAVE ITS OPERATIONAL HEADQUARTERS IN BERLIN.TLG IMMOBILIEN- UPON HOLDING THRESHOLD OF SHARES IN CO IT IS CONTEMPLATED AROUNDTOWN INTRODUCES GOVERNANCE STRUCTURE CONSISTING OF A MANAGEMENT BODY.AROUNDTOWN INTRODUCED GOVERNANCE STRUCTURE TO CONSIST OF A MANAGEMENT BODY WHICH WILL INCLUDE FIVE MEMBERS.AROUNDTOWN INTRODUCEDA GOVERNANCE STRUCTURE TO CONSIST OF BOARD OF DIRECTORS WHICH WILL INCLUDE SIX OR SEVEN MEMBERS.UPON AROUNDTOWN REACHING HOLDING THRESHOLD, TLG WILL NOMINATE INITIAL CHAIRMAN OF AROUNDTOWN'S BOARD AND CFO.TLG IMMOBILIEN - CO'S MANAGEMENT BOARD EXECUTED NON-BINDING TERM SHEET WITH AROUNDTOWN GOVERNING ESSENTIAL TERMS AND CONDITIONS OF A POTENTIAL MERGER.TLG IMMOBILIEN - TERM SHEET PROVIDES FOR BUSINESS COMBINATION BY WAY OF VOLUNTARY PUBLIC OFFER BY AROUNDTOWN FOR ALL SHARES IN CO.TLG IMMOBILIEN - BUSINESS COMBINATION BY WAY VOLUNTARY PUBLIC OFFER FOR ALL SHARES IN CO AGAINST CONSIDERATION CONSISTING OF AROUNTOWN SHARES.

TLG Immobilien places 1 bln eur in notes, bonds for Aroundtown stake buy

Sept 17 (Reuters) - TLG Immobilien AG <TLGG.DE>::SAYS BLENDED INTEREST RATE OF 1,875% PER YEAR.SAYS ESTABLISHES LONG TERM FINANCING FOR TLG'S ACQUISITION OF SHARES OF AROUNDTOWN AND FUTURE GROWTH.

TLG Immobilien Considers To Issue Notes

Sept 16 (Reuters) - TLG Immobilien AG <TLGG.DE>::DGAP-ADHOC: TLG IMMOBILIEN AG CONSIDERS TO ISSUE SENIOR UNSECURED FIXED RATE NOTES AND/OR UNDATED SUBORDINATED NOTES.EACH OF NOTES, IF ISSUED, IS EXPECTED TO BE LISTED ON REGULATED MARKET OF LUXEMBOURG STOCK EXCHANGE AND WILL BE GOVERNED BY GERMAN LAW.NET PROCEEDS FROM PROPOSED ISSUANCES WILL BE USED TO REFINANCE BRIDGE FACILITIES ENTERED INTO BY TLG TO (PARTIALLY) FINANCE RECENT ACQUISITION OF A STAKE OF 9.99% IN SHARE CAPITAL OF AROUNDTOWN S.A..AMOUNT PAYABLE UPON EXERCISE OF OPTION TO ACQUIRE AN ADDITIONAL STAKE OF UP TO 4.99% IN SHARE CAPITAL OF AROUNDTOWN S.A..

TLG Immobilien Doesn’t Plan Capital Increase After Buying Stake In Aroundtown

Sept 2 (Reuters) - TLG Immobilien AG <TLGG.DE>::PAYS ACQUISITION OF AROUNDTOWN STAKE WITH 700 MILLION EUR IN CASH, REST THROUGH CREDIT LINE BY AVISCO.DOESN'T PLAN CAPITAL INCREASE AFTER BUYING STAKE IN AROUNDTOWN.

Ouram Says It Remains Fully Committed To Back TLG Immobilien's Management And Supervisory Board To Advance Merger Discussions With Aroundtown

Sept 1 (Reuters) - :OURAM SAYS IT REMAINS FULLY COMMITTED TO BACK TLG IMMOBILIEN'S MANAGEMENT AND SUPERVISORY BOARD TO ADVANCE MERGER DISCUSSIONS WITH AROUNDTOWN.

Aroundtown SA Says Co has started Evaluation Of A Potential Merger With TLG Immobilien AG

Sept 1 (Reuters) - Aroundtown Sa <AT1.DE>::DGAP-ADHOC: AROUNDTOWN SA ANNOUNCES THE START OF EVALUATION OF A POTENTIAL MERGER WITH TLG IMMOBILIEN AG FOLLOWING TLG'S ACQUISITION OF 9.99% STAKE IN AROUNDTOWN FROM ITS LARGEST SHAREHOLDER AVISCO.BOARD RESOLVED TO START WITH EVALUATION OF A POTENTIAL MERGER WITH TLG AND TO COMMENCE DISCUSSIONS IN RELATION THERETO.

TLG Immobilien Says Acquires Equity Stake Of 9.99% In Aroundtown SA

Sept 1 (Reuters) - Tlg Immobilien Ag <TLGG.DE>::DGAP-ADHOC: TLG IMMOBILIEN AG ACQUIRES AN EQUITY STAKE OF 9.99% IN AROUNDTOWN SA AND COMMENCES DISCUSSIONS WITH AROUNDTOWN SA REGARDING A POTENTIAL BUSINESS COMBINATION.AGREEMENT TO PURCHASE 9.99% STAKE IN AROUNDTOWN FROM AVISCO GROUP FOR EUR1,016 MILLION.PRICE AGREED FOR STAKE PURCHASE VALUES AROUNDTOWN AT EUR 8.3 PER SHARE.STAKE PURCHASE IS ACCRETIVE TO FFO PER SHARE OF TLG FROM DAY 1.TLG IMMOBILIEN-CO, AVISCO CONCLUDED OPTION AGREEMENT PURSUANT TO WHICH TLG HAS RIGHT TO PURCHASE FROM AVISCO ANOTHER STAKE OF UP TO 4.99% OF AROUNDTOWN.PRICE PER SHARE OF OPTION IS EQUIVALENT TO PURCHASE PRICE OF STAKE PURCHASE.OPTION IS EXERCISABLE BY EITHER PARTY PRIOR TO FEBRUARY 28, 2020.AVISCO SUPPORTS POTENTIAL MERGER BETWEEN TLG AND AROUNDTOWN.CO ACQUIRES AN EQUITY STAKE OF 9.99% IN AROUNDTOWN SA.

Aroundtown Announces Updated Guidance On Results, Acquisitions

Aug 28 (Reuters) - Aroundtown SA <AT1.DE>::DGAP-NEWS: AROUNDTOWN SA ANNOUNCES H1 2019 RESULTS.FFO I UP BY 26% TO EUR239 MILLION.PROFIT FOR PERIOD AT EUR969 MILLION IN H1.2019 GUIDANCE IS UPDATED.NET RENTAL INCOME INCREASED TO EUR359 MILLION.UPDATED GUIDANCE INCLUDES ADDITIONAL EUR25 MILLION FFO I (NEW GUIDANCE AT >EUR490 MILLION).FFO I PER SHARE GUIDANCE REMAINS AT EUR0.41-EUR0.42.

Aroundtown Announces Successful Placement Of 84 Million New Shares From Capital Increase

July 15 (Reuters) - Aroundtown SA <AT1.DE>::DGAP-ADHOC: AROUNDTOWN SA ANNOUNCES SUCCESSFUL PLACEMENT OF 84 MILLION NEW SHARES FROM CAPITAL INCREASE RESULTING IN EUR 600.6 MILLION IN GROSS PROCEEDS.AROUNDTOWN SA SAYS OFFER PRICE PER NEW SHARE WAS FIXED AT EUR 7.15.AROUNDTOWN SA SAYS COMPANY INTENDS TO USE NET PROCEEDS FROM CAPITAL INCREASE PRIMARILY TO FUND COMPANY'S GROWTH STRATEGY..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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