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New Deal


Announced

Completed

Ado Properties completed the acquisition of 65.1% stake in Consus.

Financials

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Transaction Value£245m
Consideration TypeCash
Capital Owned-
Capital Bid For65%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Minority

Friendly

Public

Single Bidder

Germany

Acquisition

real estate development

Cross Border

Completed

Synopsis

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Ado Properties, a real estate development company, completed the acquisition of 65.1% stake in Consus Real Estate, a real estate developer. Financial terms were not disclosed. "We are excited to announce today’s strategic co-operation agreement with ADO. We see the agreement as a significant endorsement of CONSUS’s strategy, as well as recognition of our strong in-house construction expertise and digitalisation of construction processes. The relationship will provide material benefits to CONSUS including reduced financing costs," Andreas Steyer, CONSUS CEO.

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