NEW YORK, NY — (Marketwire) — 03/19/12 — On February 10, 2012, an ad hoc committee of holders of listed securities issued by DEPFA who currently manage over US$40 billion of assets globally (the “”) approached Hypo Real Estate Holding AG (“”) with an indicative proposal to acquire 100% of the common equity of DEPFA at a price of 0.2 to 0.4 times the current book value of common equity of DEPFA.
On March 13, 2012, HRE informed the Consortium of the German Financial Markets Stabilization Agency-s (FMSA) requirement to properly evaluate the Consortium-s interest against all other potential options, and of its request to postpone further activities with regard to the Consortium-s proposed purchase of DEPFA, including its request for due diligence.
The Consortium looks forward to hearing from HRE when it is ready to engage with regard to these matters.
Moelis & Company is acting as financial advisor to the members of the Consortium.
Contact
Adam Friedman
(O) 917 675 6250
(M) 914 419 7384