Alder and Ado merger to create €8.6bn German residential real estate beast

ADO Properties has announced that at the end of the acceptance period on 6 March 2020, shareholders of ADLER Real Estate tendered a total of 59,821,764 shares of which 741,720 shares are from the conversion of the ADLER convertible bond 2016/2021 into the voluntary public takeover offer by ADO. This represents 82.82% of ADLER shares as of the reference date and reflects significant support for the combination of ADO and ADLER.