DGAP-News: TTL Beteiligungs- und Grundbesitz-AG
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TTL Beteiligungs- und Grundbesitz-AG: TTL Real Estate GmbH increases stake in DIC Asset AG to more than 3 percent
22.11.2019 / 08:30
The issuer is solely responsible for the content of this announcement.
Munich, 22.11.2019
TTL Real Estate GmbH increases stake in DIC Asset AG to more than 3 percent
- DIC Asset share price significantly below enterprise value
- Attractive dividend and continuous high pace of growth expected
- Further increase in DIC Asset stake planned as strategic investment
TTL Real Estate GmbH, an affiliated company of TTL Beteiligungs- und Grundbesitz-AG ("TTL AG") (ISIN DE0007501009), has built up a direct stake of more than three percent in the listed DIC Asset AG (ISIN DE000A1X3XX4) since late summer of this year.
"DIC Asset AG is one of Germany's leading listed property companies and is developing excellently. The current share price still reflects a significant discount to the net asset value and the enterprise value of the company. We are benefiting from the strong performance of the DIC Asset AG share and are expecting an attractive dividend for the 2019 financial year due to the company's very positive business performance", says Theo Reichert, CEO of TTL AG.
Investments in high-dividend listed real estate companies - the company also holds a stake in Hamborner REIT AG - is a key pillar of TTL Group's investment strategy. TTL Real Estate GmbH plans to further extend its stake in DIC Asset AG.
Media and Investor Relations contact
Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-23
[email protected]
[email protected]
22.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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TTL Beteiligungs- und Grundbesitz-AG DE0007501009