Elbstein AG submits takeover bid for ERWE Immobilien AG with Heuking

A team led by Dr. Thorsten Kuthe legally advised Elbstein AG on a public takeover bid to ERWE Immobilien AG. The mandatory bid is also intended to serve as a delisting offer to enable revocation of the admission of ERWE Immobilien AG’s shares to trading on the Regulated Market of Frankfurt Stock Exchange pursuant to Section 39 Stock Exchange Act.

Following a capital increase by ERWE Immobilien AG in June, Elbstein AG had already held more than 33% of the shares and announced a takeover bid.

Hamburg-based Elbstein AG focuses on equity investments in listed companies, predominantly concentrating on small and medium-sized stock corporations in German-speaking countries.

Founded in 2005 as ERWE Real Estate GmbH, the focus of ERWE Immobilien AG lies on developing promising inner-city commercial properties for office, hotel and inner-city retail use.

Counsel to Elbstein AG
Heuking Kühn Lüer Wojtek:

Dr. Thorsten Kuthe (Lead, Capital Markets), Cologne
Miriam Schäfer (Capital Markets), Cologne
Michael Neises (Capital Markets), Frankfurt
Michèle von Lewinski (Capital Markets), Frankfurt
Lena Wagner (Capital Markets), Frankfurt

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