Hogan Lovells advises CONSUS Real Estate on the acquisition of a stake by ADO Properties and the conclusion of a strategic cooperation agreement

Led by Frankfurt partner Michael Schlitt, Hogan Lovells has advised CONSUS Real Estate AG on a strategic cooperation agreement and the acquisition by ADO Properties S.A. of a strategic stake of 22% in the company.

ADO has also secured an option to acquire an additional 51% stake in CONSUS, at an exchange ratio of 0.2390 ADO shares for each CONSUS share. ADO Properties is under the option agreement further obliged to make a voluntary takeover offer to acquire the remaining CONSUS shares if the call option is exercised (subject to any RETT blockers). 

In this context, CONSUS and ADO Properties have entered into a strategic cooperation agreement to establish a strategic partnership between CONSUS and ADO Properties in which the parties have agreed to cooperate on existing and new projects. 

CONSUS Real Estate AG, headquartered in Berlin, is the leading real estate developer in the Top 9 cities in Germany.

Hogan Lovells team for CONSUS Real Estate AG

Prof. Dr. Michael Schlitt (Partner, Kapitalmarktrecht, Frankfurt);

Birgit Reese (Partnerin, Gesellschaftsrecht/M&A, Düsseldorf).

Inhouse Counsel CONSUS Real Estate AG: Daniel Zimmer

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