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LU1250154413
Mon, 04.11.2024
Adler Group S.A.
Adler Group S.A. announces the sale of its 62.78% stake in Brack Capital Properties N.V. to LEG Immobilien SE
Successful disposal of Adler’s 62.78% stake in BCP, ahead of expectations
The transaction generates €219.3m of net cash proceeds, therewith further stabilising the balance sheet and delivering on Adler’s renewed business plan
First close [ … ]
Mon, 30.09.2024
Adler Group S.A.
Adler Group S.A. publishes annual reports for 2022 and 2023 with unqualified audit opinions
Positive going concern following the comprehensive recapitalisation
CFO Thomas Echelmeyer to step down to open the perspective for a long-term succession
Thorsten Arsan to follow as new CFO and member of the Senior Management with immediate effect
Chairm [ … ]
Thu, 19.09.2024
Adler Group S.A.
Adler Group S.A. announces the completion of the comprehensive recapitalisation
Extension of maturities for orderly disposal of assets
Equity stabilised through conversion of most of the 2L Notes into Perpetual Notes
Additional liquidity provided in the form of new money and ability to retain disposal proceeds
Luxembourg, 19 September 2024 – Adl [ … ]
Thu, 19.09.2024
Adler Group S.A.
Adler Group S.A. announces the completion of the comprehensive recapitalisation
Extension of maturities for orderly disposal of assets
Equity stabilised through conversion of most of the 2L Notes into Perpetual Notes
Additional liquidity provided in the form of new money and ability to retain disposal proceeds
Luxembourg, 19 September 2024 – Adl [ … ]
Thu, 29.08.2024
Adler Group S.A.
Adler Group’s rental business continued to develop positively in 2024 while the recapitalisation is expected to be completed in September 2024
Net rental income of €103m in the first half of 2024, 4% lower compared to the previous year due to portfolio disposals in 2023
Like-for-like rental growth of 4.6%, vacancy rate at 1.8%, average residen [ … ]
Fri, 09.08.2024
Adler Group S.A.
Extraordinary General Meeting votes for Adler Group’s comprehensive recapitalisation
Approval of all resolutions
Major step towards stabilisation of the Group
Luxembourg, 9 August 2024 – The reconvened Extraordinary General Meeting (EGM) of Adler Group S.A. ("Adler Group") today approved the proposed amendments to the articles of association [ … ]
Tue, 18.06.2024
Adler Group S.A.
Bondholders clear the way for Adler Group’s comprehensive recapitalisation
AGPS BondCo PLC receives overwhelming support in consent solicitations
Major step towards stabilisation of the Group
Luxembourg, 18 June 2024 – Bondholders of Adler Group S.A. (“Adler Group” and together with its subsidiaries, the “Group”) have cleared the way for the Grou [ … ]
Tue, 18.06.2024
Adler Group S.A.
Bondholders clear the way for Adler Group’s comprehensive recapitalisation
AGPS BondCo PLC receives overwhelming support in consent solicitations
Major step towards stabilisation of the Group
Luxembourg, 18 June 2024 – Bondholders of Adler Group S.A. (“Adler Group” and together with its subsidiaries, the “Group”) have cleared the way for the Grou [ … ]
Wed, 05.06.2024
Adler Group S.A.
ADLER Group S.A.: Launch of Restructuring Plan by issuance of Practice Statement Letter
Luxembourg, 5 June 2024 - Reference is made to the public announcement issued by ADLER Group S.A. on 24 May 2024 in respect of the lock-up agreement signed on 24 May 2024 by a steering committee of bondholders and agreement on the terms of a comprehensive finan [ … ]
Tue, 28.05.2024
Adler Group S.A.
Adler Group S.A. with continued solid operational performance in Q1 2024
Net rental income of €51m in Q1 2024, 4% lower compared to €53m in Q1 2023 due to portfolio disposals in 2023
Like-for-like rental growth of 5.1%, vacancy rate at 1.7%, average residential rent at €7.63/sqm/month
FY 2024 net rental income guidance confirmed
Completed dispo [ … ]