Business
VIB Vermögen AG: Acquisition of the business with institutional investors of Branicks Group AG, offsetting against receivables from maturing loan
VIB Vermögen AG: Acquisition of the business with institutional investors of Branicks Group AG, offsetting against receivables from maturing
About this update from Vib Vermoegen Ag
[{"type":"text","content":"\n\n\nEQS-News: VIB Vermögen AG\n\n\n / Key word(s): Real Estate/Miscellaneous\n\n\n\n\n\nVIB Vermögen AG: Acquisition of the business with institutional investors of Branicks Group AG, offsetting against receivables from maturing loan \n\n\n\n\n\n\n07.07.2025 / 22:49 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.VIB Vermögen AG: Acquisition of the business with institutional investors of Branicks Group AG, offsetting against receivables from maturing loan\n\nNeuburg a. d. Donau, 7 July 2025. VIB Vermögen AG (VIB), ISIN: DE000A2YPDD0, today agreed with Branicks Group AG (Branicks) to acquire its institutional business. A corresponding purchase agreement was concluded today between the parties for the business previously managed by Branicks Group AG. The volume of the transfer to VIB is around EUR 360 million.\n\nAs part of its business strategy, VIB is expanding its already established ‘Institutional Business’ division to include the management and structuring of funds, club deals and individual mandates for institutional investors in all phases of the cycle, and is taking over the operational management of this business within the Branicks Group.\n\nDirk Oehme, Spokesman of the Managing Board of VIB Vermögen AG, commented: \"We are making step-by-step progress with the further development of our business strategy. The acquisition of Branicks Group AG's Institutional Business with its earnings is a further milestone in this process.\"\n\nThe closing of the transaction is still subject to the usual, purely formal closing conditions. Branicks and VIB have agreed that upon completion of the transfer, all claims of VIB against Branicks arising from the loan granted by VIB to Branicks on 7 July 2023 will be offset.\n\n About VIB Vermögen AG\n\nVIB Vermögen AG is a medium-sized company specialising in the development, acquisition and management of modern and sustainably profitable commercial properties, which has been operating successfully on the market for more than 30 years. The focus is on properties in the logistics & light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.\n\nIn addition to direct acquisitions, VIB's broad-based business model also includes the complete spectrum of in-ho...