POLIS Immobilien AG, listed on the Prime Standard of the Frankfurt Stock Exchange, was advised on the takeover bid of Mann Immobilien-Verwaltung AG by a team led by Philipp Melzer, Partner at CMS Hasche Sigle.
Through share acquisition on 14 August 2008 Mann Immobilien-Verwaltung AG broke the threshold of 30 percent of the shares in POLIS Immobilien AG and was therefore obligated pursuant to the Securities Acquisition and Takeover Act to make a public offer to acquire all remaining shares in POLIS Immobilien AG. The acceptance period for the offer from Mann Immobilien-Verwaltung AG to acquire shares at ten euro per share ended on 13 October 2008. The mandatory offer was accepted for a total of 2,211,942 POLIS shares, which is approximately 20 percent of the share capital of POLIS Immobilien AG. The offer was transacted on 20 October 2008.
POLIS Immobilien AG is a real estate stock company. Their real property portfolio was valued at approx. EUR 295 million as at 30 June 2008. CMS Hasche Sigle had already advised POLIS Immobilien AG on their IPO in March 2007.
CMS Hasche Sigle advisory team:
Philipp Melzer (capital markets)
Dr Jochen Schlotter (capital markets)
Bernhard Maierhofer, (capital markets)
Contact CMS Hasche Sigle:
Tel.: +49 (0) 69 / 71 10 13 22
E-mail: [email protected]