RFR InvestCo 1 S.à r.l., with registered office in Luxembourg, decided on 30 September 2021 to make a voluntary public takeover offer pursuant to sections 29(1), 34 German Securities Acquisition and Takeover Act in the form of a cash offer to the shareholders of AGROB Immobilien AG, with registered office in Ismaning, Germany, to acquire all ordinary and preferred shares in AGROB Immobilien AG not already held by the bidder.
RFR InvestCo 1 S.à r.l. acquired a total of around 81.87% of the ordinary shares and around 24.67% of the preferred shares in AGROB Immobilien AG.
Gleiss Lutz advised RFR InvestCo 1 S.à r.l. on issues around the takeover and other aspects of the transaction.
RFR InvestCo 1 S.à r.l. is part of the RFR Group, which invests in real estate worldwide. The RFR Group manages a real estate portfolio in the U.S. and Germany that includes contemporary office and retail buildings and themed hotels in prime locations, as well as architectural icons such as the Seagram Building in New York by Mies van der Rohe or the celebrated Chrysler Building. The RFR Group manages real estate assets of approximately USD 16 billion worldwide.
AGROB Immobilien AG focuses on the development and management of the AGROB Media and Business Park in Ismaning. This is a nationally recognised and established location, especially for companies in the media industry.
RFR was advised by the following team of Gleiss Lutz lawyers: Dr Tim Weber, Dr Christian Cascante (Frankfurt, both partners), Dr Jochen Tyrolt (Stuttgart, partner, all lead), Dr Markus Martin (Stuttgart), Dr Lucas Hertneck (Stuttgart, all Corporate/M&A), Dr Burkhard Jäkel (partner, Banking/Finance, Frankfurt), Dr Johann Wagner (partner, Tax, Hamburg).
Gleiss Lutz has extensive expertise in public takeovers and is regularly involved in top-flight deals (both friendly and hostile) – advising buyers, targets or investment banks.