QuickView: Offer from Demire still recommended
Fair Value REIT has responded to Demire's takeover offer by reiterating that it welcomes the potential to grow the company in combination with Demire. The board still deems the two-for-one share offer to be fair, even though Demire’s acquisition of the T6 portfolio was completed at €2.9m higher than the expected price, thus slightly reducing the potential positive effect on Demire’s equity.Fair Value Reit AG is a Germany-based real estate investment trust. The Company specializes in the acquisition, management and sale of commercially used property, including retail and office retail properties at secondary locations across Germany. The Company's wholly owned subsidiaries are GP Value Management GmbH, BBV 3 Geschaeftsfuhrungs-GmbH & Co KG, BBV 6 Geschaeftsfuhrungs-GmbH & Co KG, BBV 9 Geschaeftsfuhrungs-GmbH & Co KG, BBV 10 Geschaeftsfuhrungs-GmbH & Co KG and BBV 14 Geschaftsfuhrungs-GmbH & Co KG. Other subsidiaries include IC Fonds & Co Bueropark Teltow KG, IC Fonds & Co Forum Neuss KG, IC Fonds & Co Gewerbeportfolio Deutschland 13. KG and IC Fonds & Co SchmidtBank-Passage KG, among others.
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