Vivacon AG

euro adhoc: Vivacon AG
Financing, Stock Offerings (IPO)
VIVACON AG creates "Vivacon German Properties PLC" - plans up to EUR 500m flotation

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Cologne, 8 May 2006. VIVACON AG (ISIN DE0006048911) announces the creation of a new Isle of Man-based residential real estate investment company. The new company, to be called "Vivacon German Properties PLC", is to be floated on the AIM segment of the London Stock Exchange and intends to raise up to EUR 500m in equity. Vivacon German Properties PLC intends to acquire profitable residential real estate portfolios in Germany, which are to be managed by a newly-created asset management subsidiary of Vivacon AG.

The planned IPO represents an expansion of VIVACON AG’s asset management activities. In order to strengthen this area, Vivacon AG has appointed Peter Brock to head the new asset management subsidiary. Mr. Brock was previously Managing Director of one of the largest financial investors in the area of residential property in Germany and brings a wealth of experience in the acquisition, financing and management of large residential portfolios.

VIVACON AG intends to take a stake in the new company on listing in order to be able to participate in the potential increase in value of the company’s residential real estate portfolio.

The IPO is expected to take place in Q2 2006; an international investment banking consortium has already been mandated. Further details will be announced shortly before the IPO.

Not for distribution in the United States, Canada, Australia and Japan

This document does not constitute an offer for sale of shares, neither in the United States, nor any other jurisdiction. The shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended or under the securities laws of the individual states of the United States and must not be offered or sold in or be delivered to the United States. It is not intended to register the offering or any part thereof in the United States or to conduct a public offering in the United States.

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ots Originaltext: Vivacon AG
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Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    CDAX, SDAX, Prime All Share, Classic All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / official dealing

Weitere Meldungen: Vivacon AG

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