TTL INFORMATION TECHNOLOGY AG (FRA:TTO) EQS-Adhoc: TTL Beteiligungs- und Grundbesitz AG sells shares in Montano Real Estate GmbH
Transparency directive : regulatory news
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EQS-Ad-hoc: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal TTL Beteiligungs- und Grundbesitz AG sells shares in Montano Real Estate GmbH Munich, September 10, 2024 - As last communicated at the Annual General Meeting on August 30, 2024, the Management Board of TTL Beteiligungs- und Grundbesitz-AG (“TTL”, “TTL AG”) (ISIN DE0007501009) does not currently expect a significant recovery in the German commercial real estate market before the end of 2024. Against this background, the company's Management Board and Supervisory Board have decided to focus TTL's investment portfolio on the most important investment in Branicks Group AG, which has recently undergone a successful restructuring, and thus consistently secure the company's financial and liquidity position. TTL's shares in Montano Real Estate GmbH were sold to the two existing shareholders Ramin Rabeian and Sebastian Schöberl as part of a sales process. Notifying person Contact for investors and press
End of Inside Information
10-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | TTL Beteiligungs- und Grundbesitz-AG |
| Maximilianstraße 35C | |
| 80539 München | |
| Germany | |
| Phone: | +49 (0)89 381611-0 |
| Fax: | +49 (0)89 3915-92 |
| E-mail: | sekretariat@ttl-ag.de |
| Internet: | www.ttl-ag.de |
| ISIN: | DE0007501009 |
| WKN: | 750100 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1985307 |
| End of Announcement | EQS News Service |
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1985307 10-Sep-2024 CET/CEST
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