March 23, 2022
Weil Germany advised DIC Asset AG, a leading German commercial real estate company listed in the SDAX, on:
- The pre-tender offer acquisition of a 10.5% shareholding
- The acquisition of shares in VIB Vermögen AG not included in the partial tender offer resulting in a shareholding of approximately 36%
- The successful partial tender offer with regard to 6,500,000 shares in VIB Vermögen AG
- The subsequent conclusion of a business combination agreement between DIC Asset AG and VIB Vermögen AG
With DIC Asset AG acquiring about 60% of the share capital of VIB Vermögen AG, the strategic goal announced with the publication of the offer was achieved in full. Based on the offer price of €51.00 per share, the equity value of VIB Vermögen AG corresponds to approximately €1.4 billion.
The Weil team advising on this transaction consisted of Weil Germany Co-Managing Partner Gerhard Schmidt; Corporate partner Ansgar Wimber; Tax partner Tobias Geerling; Corporate counsel Felix Ganzer and Konrad von Buchwaldt; Corporate associates Andreas Fogel, Torben Busch and Sebastian Klein; and Tax associate Carolin Vettermann.