Consus

EQS-News: Adler Group S.A.: Adler reaches agreement with bondholder group on amendment of note terms and provision of secured debt financing

Retrieved on: 
Sunday, November 27, 2022

The 2023 convertible notes of Adler Group are not subject to the agreement.

Key Points: 
  • The 2023 convertible notes of Adler Group are not subject to the agreement.
  • Adler Group is appreciative of the efforts of the Steering Committee in enabling this important milestone to be achieved.
  • Adler Group has been advised by PJT Partners as financial and White & Case LLP as legal advisor.
  • Adler Group will shortly launch a consent solicitation process to effect certain amendments to the terms and conditions of the Notes.

DGAP-News: Adler Group S.A.: Sven-Christian Frank to become Sole Director of Adler subsidiary Consus Real Estate AG

Retrieved on: 
Tuesday, May 31, 2022

Luxembourg, 31 May 2022: Adler Group S.A. (Adler Group) announces that its Chief Legal Officer (CLO), Sven-Christian Frank, has offered to take over the role of Sole Director of Adlers subsidiary Consus Real Estate AG (Consus) effective 7 June 2022, in addition to his current position.

Key Points: 
  • Luxembourg, 31 May 2022: Adler Group S.A. (Adler Group) announces that its Chief Legal Officer (CLO), Sven-Christian Frank, has offered to take over the role of Sole Director of Adlers subsidiary Consus Real Estate AG (Consus) effective 7 June 2022, in addition to his current position.
  • Following yesterdays meeting, the Supervisory Board of Consus announced that it will soon resolve upon the succession of Dr. Bernd Schade and appoint Sven-Christian Frank as his successor effective 7 June 2022.
  • The Sole Director of Consus, Dr. Bernd Schade had previously informed the Chairman of the Supervisory Board of Consus, Mr. Thomas Zinncker, that he will resign from his position as Sole Director of Consus with effect from 7 June 2022.
  • Dr. Schade will also step down as CDO of Adler Group but be available to the Company as senior advisor.

DGAP-News: Adler Group S.A.: Statement on the loss notification of Consus Real Estate AG pursuant to § 92 (1) AktG

Retrieved on: 
Tuesday, May 17, 2022

This has led to a loss notification by Consus pursuant to Section 92 par.

Key Points: 
  • This has led to a loss notification by Consus pursuant to Section 92 par.
  • 1 of the German Stock Corporation Act (AktG), as the company's balance sheet equity (HGB) amounts to less than half of the share capital.
  • Against this background, Adler is in principle prepared to evaluate measures to strengthen the equity of Consus.
  • 17.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.

DGAP-News: Adler Group S.A.: Dr. Bernd Schade becomes new CDO of the Adler Group

Retrieved on: 
Thursday, October 28, 2021

ADLER Group, S.A., a leading German, fully integrated residential real estate company is expanding its top management team in the area of project development.

Key Points: 
  • ADLER Group, S.A., a leading German, fully integrated residential real estate company is expanding its top management team in the area of project development.
  • As of November 1, 2021, Dr. Bernd Schade will become Chief Development Officer (CDO) of Adler Group.
  • As part of its strategic development, the Adler Group is focusing on residential properties in the top 7 cities in Germany.
  • "We are very pleased to have Bernd Schade, a renowned and experienced project developer, with Adler Group.

DGAP-News: Adler Group S.A.: Standard and Poor's confirms stable outlook for Adler Group's credit rating, reflecting performance of Adler's business

Retrieved on: 
Wednesday, August 11, 2021

Adler Group S.A.: Standard and Poor's confirms stable outlook for Adler Group's credit rating, reflecting performance of Adler's business

Key Points: 
  • Adler Group S.A.: Standard and Poor's confirms stable outlook for Adler Group's credit rating, reflecting performance of Adler's business
    The issuer is solely responsible for the content of this announcement.
  • Standard and Poor's confirms stable outlook for Adler Group's credit rating, reflecting performance of Adler's business
    Berlin, 11 August 2021 - Adler Group SA ("Adler") is pleased to announce that the international rating agency Standard and Poor's (S&P) has affirmed the "BB" credit rating of Adler Group S.A. and confirmed the outlook for the rating as "stable".
  • S&P expects the operating performance of Adler's business to be stable over the next 12 to 18 months, and also noted the group's positive refinancing position.
  • Maximilian Rienecker, Co-CEO of the Adler Group, explains: "We are very pleased with the position of the business and our financial situation.

DGAP-News: Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook stable

Retrieved on: 
Friday, December 18, 2020

Consus Real Estate AG ("Consus"), with its headquarters in Berlin, is the leading real estate developer in the top 9 cities in Germany.

Key Points: 
  • Consus Real Estate AG ("Consus"), with its headquarters in Berlin, is the leading real estate developer in the top 9 cities in Germany.
  • As of 30 September 2020, Consus' development portfolio had a gross development value (GDV) of EUR 10.6 billion.
  • Pro forma for the upfront sales announced in May 2020, the development portfolio has a GDV of EUR 8.6 billion.
  • Due to its own construction expertise and the digitalisation of construction processes, Consus operates along the entire value chain of real estate development.

DGAP-News: ADLER Group S.A.: Increases stake in Consus to c.94%, cementing swift business integration

Retrieved on: 
Monday, December 14, 2020

Berlin, 14 December 2020 - ADLER Group S.A. ("ADLER") continues to make progress on the integration of Consus Real Estate AG ("Consus") into the Group.

Key Points: 
  • Berlin, 14 December 2020 - ADLER Group S.A. ("ADLER") continues to make progress on the integration of Consus Real Estate AG ("Consus") into the Group.
  • ADLER acquired further 46,780,535 Consus shares in exchange for new 12,724,303 ADLER shares by way of a capital increase against contribution in kind.
  • After completion of the transaction, ADLER will have increased its majority stake in Consus from c.65% to c.94%.
  • The increase of ADLER's majority stake in Consus is a meaningful step to fully integrate Consus into the ADLER Group, giving ADLER full access and control of its build-to-hold pipeline.

DGAP-News: Consus Real Estate AG: Consus Real Estate continuing reducing cost of borrowing and streamlining Group structure

Retrieved on: 
Friday, November 27, 2020

Consus Real Estate AG ("Consus", ISIN DE000A2DA414, CC1), a leading property developer in Germany's top 9 cities, today released its figures for the first nine months of 2020.

Key Points: 
  • Consus Real Estate AG ("Consus", ISIN DE000A2DA414, CC1), a leading property developer in Germany's top 9 cities, today released its figures for the first nine months of 2020.
  • Subsequently, Consus RE became a wholly-owned subsidiary of Consus and its legal structure was converted to a limited liability company (GmbH) as a further milestone to optimize and simplify the group structure.
  • Consus cannot conclusively assess the effects on Consus from the impact on the overall economic and industry-related developments by the coronavirus.
  • Consus continues to believe that German residential real estate will prove to be one of the most robust asset classes despite the ongoing pandemic.

Jollibee Foods Corporation Successfully Deploys Ivalua With Consus To Transform Procurement

Retrieved on: 
Monday, October 26, 2020

REDWOOD CITY, Calif., Oct. 26, 2020 /PRNewswire/ -- Ivalua, a leading global spend management cloud provider, and Consus, a leading global supply chain solutions provider, today announced that Jollibee Foods Corporation (JFC) has successfully deployed Ivalua's platform to empower its procurement digital transformation, with Consus leading implementation.

Key Points: 
  • REDWOOD CITY, Calif., Oct. 26, 2020 /PRNewswire/ -- Ivalua, a leading global spend management cloud provider, and Consus, a leading global supply chain solutions provider, today announced that Jollibee Foods Corporation (JFC) has successfully deployed Ivalua's platform to empower its procurement digital transformation, with Consus leading implementation.
  • Jollibee Foods Corporation (JFC) is a chain of fast food restaurants with a worldwide store network of more than 5,000 stores.
  • "This project was successfully implemented by Consus and Ivalua through the commitment and support of their executive leadership.
  • Consus has been recognized as a Top 10 procurement services provider by CIO Asia Forum.

DGAP-News: Consus Real Estate AG: Consus Real Estate continuing deleveraging and focusing on residential projects in Top 9 cities of Germany

Retrieved on: 
Thursday, August 27, 2020

Consus Real Estate AG ("Consus", ISIN DE000A2DA414, CC1), a leading property developer in Germany's top 9 cities, today released its figures for the first six months of 2020.

Key Points: 
  • Consus Real Estate AG ("Consus", ISIN DE000A2DA414, CC1), a leading property developer in Germany's top 9 cities, today released its figures for the first six months of 2020.
  • The remaining portfolio will further focus on the top 9 cities and an enhanced residential exposure.
  • Following completion, Consus RE is a wholly owned subsidiary of Consus and will be converted into a limited liability company (GmbH).
  • Consus continues to believe that German residential real estate will prove to be one of the most robust asset classes despite the ongoing pandemic.