|
contents | business | |||||||||
| Hypo Real Estate Group completes acquisition of DEPFA The Hypo Real Estate Group has successfully completed the acquisition of DEPFA BANK plc. The Irish High Court responsible has approved the scheme of arrangement, which is used as the basis for carrying out the acquisition of DEPFA by Hypo Real Estate Holding AG. The shareholders of DEPFA had already approved the transaction with a strong majority on 24 September, 2007. The Hypo Real Estate Group is financing the transaction by way of a combination of new shares of Hypo Real Estate Holding AG and cash. In total, around 67 million new shares of Hypo Real Estate Holding AG will be issued to the shareholders of DEPFA. For this purpose, the share capital of the company of currently around EUR 402 million (consisting of around 134 million shares) has been increased by approx. EUR 201 million (or approx. 67 million shares) against contribution in kind by utilising the existing authorised capital. The first day of trading at the Frankfurt Stock Exchange is then expected to be 5 October, 2007. write your comments about the article :: © 2007 Construction News :: home page |