Change of name to CARDEA EUROPE AG and new strategic alignment

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DESIAG Deutsche Supermarkt Immobilien AG / Keyword (s): Investment / Agreement
DESIAG Deutsche Supermarkt Immobilien AG: Name change to CARDEA EUROPE AG and new strategic alignment

05-Dec-2021 / 19:19 CET / CEST
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DESIAG Deutsche Supermarkt Immobilien AG

Frankfurt am Main, Deutschland den 05.12.2021
Ad hoc news

DESIAG Deutsche Supermarket Immobilien AG (“DESIAG”) announces that CARDEA Corporate Holding Inc. of Atlanta in the state of Georgia, USA (“CARDEA”) – www.cardeacap.com – has taken over 49% of the share capital of DESIAG, as well as an option to buy an additional 51% of the share capital over the next 36 months. As part of this strategic investment, the name of DESIAG Deutsche Supermarket Immobilien AG will be changed to CARDEA Europe AG. The activities of CARDEA EUROPE AG are carried out from Frankfurt am Main; all planned real estate investments in the area of ​​local retail and supermarkets will continue to be consolidated and managed under DESIAG Asset GmbH – www.desiag.com – based in Frankfurt am Main as a subsidiary of CARDEA EUROPE AG.

CARDEA Corporate Holding Inc. (“CARDEA”), www.cardeacap.com, with its subsidiaries Cardea Capital Group Inc. and Cardea Capital Advisors LLC is an asset management and investment management company, regulated by the Securities and Exchange Commission (SEC) in the United States, with approximately $ 3.2 billion in external assets under management. CARDEA offers various services to its own and external asset managers in terms of asset management and real estate investments, with the aim of developing through acquisitions and consolidation of asset managers and real estate investments in the USA and in Europe. The CARDEA group has management representations as well as its own participations in the CARDEA company in the United States, the United Kingdom, Spain, Germany and Switzerland. With an existing pipeline of acquisitions from American and European asset managers and wealth management companies, CARDEA aims to build up assets under management of $ 15 billion in the medium term.

Cristian Mantzke, CEO of DESIAG “We look forward to the investment of CARDEA Corporate Holding Inc. to support their sustainable acquisition strategy in the field of European asset managers and real estate investments as well as the further expansion of the CARDEA portfolio with our commitment “

DESIAG German supermarket real estate AG (“DESIAG”) is a public limited company specializing in German local suppliers and supermarket real estate.

DESIAG Deutsche Supermarkt Immobilien AG
Lurgiallee 14
D-60439 Frankfurt am Main.
Germany
+ 49 69 87 00 879 296

Disclaimer

Safe Harbor Declaration

No action has been taken which would permit an offering of the securities or the possession or distribution of this advertisement in any jurisdiction where action to that end is required. Persons in possession of this advertisement are required to inform themselves and to respect these restrictions.

If any statements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words “will”, “expect”, “believe”, “estimate”, “intend”, ” aim ‘,’ assume ‘or similar expressions. These statements express the intentions, opinions or current expectations and assumptions of DESIAG and / or CARDEA EUROPE AG and of persons acting with DESIAG and / or CARDEA EUROPE AG. These forward-looking statements are based on current plans, estimates and forecasts that DESIAG and / or CARDEA EUROPE AG and the persons acting with DESIAG and / or CARDEA EUROPE AG have made to the best of their knowledge, but which do not claim to be correct as of ‘to come up. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and generally cannot be influenced by DESIAG and / or CARDEA EUROPE AG or persons acting with DESIAG and / or CARDEA EUROPE AG. It should be borne in mind that actual events or consequences may differ materially from those contained or expressed by such forward-looking statements.

The information in this advertisement is for background purposes only and does not claim to be complete or complete. No confidence can be placed for any purpose whatsoever in the information contained in this advertisement or its accuracy or completeness. The information contained in this announcement is subject to change.

End of ad hoc announcement

05-Dec-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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