Apollo's and wecken & cie.'s statement on their controlling stake in demire

London and basel, switzerland, nov. 15, 2021 (globe newswire) -- on the back of the strong performance of demire deutsche mittelstand real estate ag since apollo-managed funds' initial investment in 2018 and wecken & cie.'s initial investment in 2015, apollo and wecken & cie. have initiated a review of strategic options in relation to their controlling stake in the company. since 2018, the company has streamlined and grown its portfolio through a targeted capital recycling, acquisition and active asset management strategy, thereby more than tripling ffo and creating significant nav growth for all shareholders. amongst the options under review, apollo and wecken & cie. are considering a sale of their entire stake to a strategic or financial investor, which shall be well equipped to support the company in its next growth and value creation phase. apollo and wecken & cie. are currently not contemplating a placing of any of their demire shares in the public equity market. apollo and wecken & cie. confirm their continued support for the management team who have been successfully leading the re-alignment of the strategy and value creation over the last few years.
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