The company recently came under pressure because of its balance sheet for 2021.
(Photo: imago images/Achille Abboud)
Munich Real estate investor Adler Group hopes to sell its remaining shares in Dutch Brack Capital Properties (BCP) to rival LEG Immobilien. “We expect LEG to exercise the purchase option,” said Stefan Kirsten, Chairman of the Board of Directors, at an analysts’ conference on Tuesday.
LEG have already stated that the BCP would fit perfectly with their strategy. That could bring Adler 768 million euros into the coffers. The money has already been earmarked.
LEG already holds 31 percent of BCP shares after the housing company acquired seven percent from Adler and 24 percent from other investors. The purchase option expires in September. “We do not comment on speculation,” said a LEG spokeswoman.
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