Vivacon AG

EANS-Adhoc: VIVACON AG sold stake in Curanis group as well as a residential portfolio

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Cologne, December 8th 2009. Vivacon AG (ISIN 000604 8911) has signed a purchase contract with CONSUS Property Group AG, about the 80% stake in Curanis Holding GmbH as well as a residential portfolio.

With the disposal of the 80% stake in Curanis Vivacon close down its property management activities to further focus on its activities in asset management of leasehold portfolios.

The residential portfolio compromises about 734 units with a total area of approximately 47,000 sqm. The units are located predominantly in North Rhine-Westphalia and Bremen.

The transaction is an important part in the context of the ongoing restructuring of the Vivacon AG group. The disposal leads to a reduction of bank liabilities in the amount of approximately EUR 44m.

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ots Originaltext: Vivacon AG
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Tel.: +49(0)221/1305621-0

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    SDAX, CDAX, Classic All Share, Prime All Share, DAX
              International 100
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / regulated dealing

Weitere Meldungen: Vivacon AG

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