Herzog Fox & Neeman Advised Adler Real Estate AG in Completing Its Acquisition of a Controlling Stake in Brack Capital Properties N.V.
Categories: Capital Markets, Corporate and M&A
Adler Real Estate AG, a publicly-traded German real-estate company, completed an acquisition of a controlling stake in Brack Capital Properties N.V., a Dutch company whose shares and bonds are traded on the Tel Aviv Stock Exchange. The transaction included the purchase of a controlling block from the controlling shareholder – Redzone Empire Holding Limited, a company controlled by Mr. Teddy Sagi, and a special tender offer for the purchase of additional shares in Brack. The total consideration in the transaction is approximately NIS 2.5 billion.
