Announced
Completed
Financials
Tags
Israel
real estate
real estate agent
Real Estate Services
Germany
Luxembourg
Private
Merger
Single Bidder
Acquisition
Friendly
Completed
Majority
Synopsis
ADLER Real Estate, a real estate service firm, completed its acquisition of ADO Group and its subsidiary ADO Properties, providers of real estate services in Germany, for $780m. ADO Group's main asset is its stake in ADO Properties, a pure-play Berlin residential real estate company with a real estate portfolio. “The closing of the business combination is an important milestone on our path to creating one of the largest listed residential real estate companies in Europe,” Thierry Beaudemoulin, ADO Co-CEO.
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