DIC Asset AG : Feedback from 13th ODDO BHF GERMAN CONFERENCE
>New elements - During its presentation at our ODDO BHF German Conference, DIC reiterated its dual strategy of managing its own commercial portfolio and operating as a real estate fund manager for third parties. Investors welcome DIC’s disposal of its c. 14% stake in TLG to Ouram and Bedrock in December 2018 as this move simplifies DIC’s investment case. The company expects the transaction to be completed in H1 2019.Main message on outlook - DIC’...DIC Asset along with its subsidiaries invests directly or indirectly in German commercial real estate and operates in the area of portfolio, asset and property management. Co.'s business segments include: commercial portfolio, which comprises portfolio properties owned by Co., which are leased long-term and offer attractive rental yields; and co-Investments, which comprises fund investments, investments in project developments and joint venture investments. As of Dec 31 2013, Co. had six branches located in the Hamburg, Berlin, Dusseldorf, Frankfurt Am Main, Mannheim, and Munich.
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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