Corestate Capital Holding S.A. : Executing the expansion in real estate debt products – acquisition of AFS
>Acquisition of AFS through capital increase against contribution-in-kind - On Thursday night (14 January), Corestate announced the full acquisition of Aggregate Financial Services GmbH (AFS), financed through a capital increase against contribution-in-kind by issuance of 8.5m new shares and € 5m in cash. Based on Corestate´s closing price as of 14 January of € 14.73 and AFS´s € 17m net cash position, the net purchase price is € 113m. According to Corestate, this corr...Corestate Capital holding is a holding company. With its group companies, Co. offers a range of real estate investment management services, such as investment, fund, asset, property and facility management. Co.'s product offering primarily covers residential, commercial and microliving assets (including developments) and addresses all risk/return profiles, i.e. from core/core plus to value add/opportunisitc. Clients include semi-institutional investors (HNWIs and family offices) as well as institutional investors. Co.'s key market is Germany. Additional activities focus on other European countries such as Austria and Spain as well as the Benelux countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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