TAG Immobilien AG: TAG Immobilien AG announces a takeover bid to outside shareholders of Bau-Verein zu Hamburg Aktien-Gesellschaft: (Hamburg, 07 February 2012) - TAG Immobilien AG ('TAG' in the following) today announced its decision to extend a takeover bid to the minority shareholders of Bau-Verein zu Hamburg Aktien-Gesellschaft (WKN/SIN 517900, ISIN DE0005179006) ('Bau-Verein' in the following), in the amount of EUR 4.50 per share. Bau-Verein shareholders can tender their shares to TAG for EUR 4.50 per share during the offer period, 10 February to 9 March 2012.
Vergrößern TAG Immobilien AG: TAG Immobilien AG announces a takeover bid to outside shareholders of Bau-Verein zu Hamburg Aktien-Gesellschaft | Bild: © ad-hoc-news

DGAP-News: TAG Immobilien AG / Key word(s): Miscellaneous TAG Immobilien AG: TAG Immobilien AG announces a takeover bid to outside shareholders of Bau-Verein zu Hamburg Aktien-Gesellschaft

07.02.2012 / 18:39

(Hamburg, 07 February 2012) - TAG Immobilien AG ('TAG' in the following) today announced its decision to extend a takeover bid to the minority shareholders of Bau-Verein zu Hamburg Aktien-Gesellschaft (WKN/SIN 517900, ISIN DE0005179006) ('Bau-Verein' in the following), in the amount of EUR 4.50 per share. Bau-Verein shareholders can tender their shares to TAG for EUR 4.50 per share during the offer period, 10 February to 9 March 2012.

TAG Immobilien AG is longstanding major shareholder and currently owns 93.21 percent of the voting rights in Bau-Verein. Details of the offer will automatically be sent to all Bau-Verein shareholders soon by the custodian banks. The offer, which will be published in the electronic edition of the Bundesanzeiger on 10 February, is not subject to the provisions of the WpÜG (German Securities Acquisition and Takeover Act).

You may also view the takeover offer on the TAG website at www.tag-ag.com and that of Bau-Verein at www.bau-verein.de.

About TAG Immobilien AG: TAG Immobilien AG (TAG) is a publicly listed real-estate company with a 125-year history. The SDAX-listed company currently has a market cap of approx. EUR 450 million. Its primary businesses are residential and commercial properties in German metropolises, as well as property-related services. Through active asset management and targeted inventory development, TAG gradually leverages existing potential, which optimises the rental profits and increases the value of the portfolio. Above and beyond this, TAG's business strategy focuses on continued growth. Here, the company focuses on sites where it already has investments, such as Berlin, Hamburg, Leipzig, NRW and Salzgitter, so that asset and property management for the newly acquired properties can be handled with existing resources.

Press enquiries: TAG Immobilien AG Investor & Public Relations Britta Lackenbauer / Dominique Mann Phone +49 40 380 32 0 Fax +49 40 380 32 390 pr@tag-ag.com

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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir@tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart


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