05.06.2019 TTL Beteiligungs- und Grundbesitz-AG  DE0007501009

DGAP-News: TTL Beteiligungs- und Grundbesitz-AG: TTL Group and KKR sell GEG Group to DIC Asset AG


 

DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal
TTL Beteiligungs- und Grundbesitz-AG: TTL Group and KKR sell GEG Group to DIC Asset AG

05.06.2019 / 08:31
The issuer is solely responsible for the content of this announcement.


Munich, 5 June 2019

TTL Group and KKR sell GEG Group to DIC Asset AG

  • Strong increase in value since GEG was founded in 2015
  • Cash inflow of around EUR 156 million for TTL Real Estate GmbH
  • TTL evaluates new high-growth investment opportunities

TTL Real Estate GmbH, an associated company of TTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009), together with its co-shareholder Kohlberg Kravis Roberts & Co ("KKR"), is selling the GEG German Estate Group ("GEG") to DIC Asset AG with immediate effect.

The purchase price for GEG amounts to EUR 225 million. For TTL Real Estate GmbH, which holds a 75 percent stake in GEG, this results in a planned net cash inflow of around EUR 156 million. TTL AG directly and indirectly holds a total of 50 percent of TTL Real Estate GmbH. Thus, approximately EUR 78 million of the cash inflow is attributable to TTL AG as the holding company.

TTL Real Estate GmbH and KKR jointly founded GEG in 2015 and have since supported the development of the group as shareholders. At the end of 2018, GEG managed real estate assets of more than EUR 3.2 billion.

"In about four and a half years, GEG has developed into one of the most successful joint ventures in the field of commercial real estate. 2019 is expected to become the most successful year in the history of GEG and therefore our partner KKR and we made the decision to put GEG up for sale on a process led by Rothschild & Co. The most sustained interest in the acquisition was expressed by DIC Asset AG. The merger of DIC Asset and GEG will create an asset manager with approximately EUR 7 billion assets under management," explains Theo Reichert, CEO of TTL AG.

TTL shareholders have benefited from TTL Group's investment in GEG both in terms of increases in value and dividends. As a holding company, TTL AG will consistently pursue its strategy of supporting and developing commercial real estate companies with strong cash flows. The company is currently evaluating various investment opportunities.

TTL AG and KKR were advised on the transaction by Rothschild & Co.


Media and investor relations contact

Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-23
ir@ttl-ag.de
presse@ttl-ag.de



05.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: TTL Beteiligungs- und Grundbesitz-AG
Theresienhöhe 28
80339 München
Germany
Phone: +49 (0)89 381611-0
Fax: +49 (0)89 3915-92
E-mail: ir@ttl-ag.de
Internet: www.ttl-ag.de
ISIN: DE0007501009
WKN: 750100
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 819409

 
End of News DGAP News Service

819409  05.06.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 0,00 0,00 0,00 0,03 0,01 0,61 1,17 0,00
EBITDA1,2 -0,13 -0,11 -0,13 -0,16 -0,37 -1,48 -0,81 0,00
EBITDA-Marge3 0,00 0,00 0,00 -533,33 -3.700,00 -242,62 -69,23 0,00
EBIT1,4 -0,13 -0,11 -0,13 -0,16 -0,37 -1,49 -0,81 0,00
EBIT-Marge5 0,00 0,00 0,00 -533,33 -3.700,00 -244,26 -69,23 0,00
Jahresüberschuss1 -0,14 -0,11 -0,13 -0,16 0,86 4,14 4,81 0,00
Netto-Marge6 0,00 0,00 0,00 -533,33 8.600,00 678,69 411,11 0,00
Cashflow1,7 -0,10 -0,17 -0,12 -0,14 -0,39 -0,93 -1,74 0,00
Ergebnis je Aktie8 -0,02 -0,02 -0,02 -0,02 0,05 0,19 0,22 0,20
Dividende8 0,00 0,00 0,00 0,00 0,00 0,24 0,20 0,12
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Rödl & Partner

INVESTOR-INFORMATIONEN
©boersengefluester.de
TTL Beteil.- und Grundbesitz-AG
WKN Kurs in € Einschätzung Börsenwert in Mio. €
750100 2,160 Halten 45,52
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,31 14,53 0,572 13,50
KBV KCV KUV EV/EBITDA
1,05 - 38,78 -106,749
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,20 0,12 9,26 10.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
17.08.2020 - 14.02.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-11,11% -27,52% -40,00% -26,03%
    
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