The bid committee publishes a valuation opinion regarding Vonovia's offer
This press release is published by the independent bid committee of the board of directors of Victoria Park (the ”Bid Committee") pursuant to clause II.19 of the Takeover rules for Nasdaq Stockholm and Nordic Growth Market NGM (the ”Takeover Rules”).
The Bid Committee has obtained a valuation opinion, so called Fairness Opinion, from JLL Transaction Services AB ("JLL") as to the fairness from a financial point of view of the public cash offer to the shareholders of Victoria Park announced on 3 May 2018 by Vonovia SE (“Vonovia”) through its whollyowned subsidiary Deutsche Annington Acquisition Holding GmbH. The Bid Committee has unanimously recommended, as announced on 3 May 2018, the shareholders of Victoria Park to accept Vonovia's offer.
For further information about Vonovia’s offer, please see Vonovia's press release, published on 3 May 2018, available at http://en.vonovia-k.de/ and www.victoriapark.se.
JLL has today issued a valuation opinion to the Bid Committee. JLL’s opinion is that Vonovia’s offer, as of the date hereof, is fair from a financial point of view for the shareholders of Victoria Park, for holders of Class A shares, Class B shares as well as preference shares.
JLL's valuation opinion in its entirety is attached to this press release.
For further information, please contact
Board member Pia Kinhult, +4672 1792339, pia.kinhult@esss.se
Victoria Park AB (publ) is a listed property company, which, through long-term management and social responsibility for more attractive living, creates value in an expanding property portfolio in growth districts in Sweden. Victoria Park's property portfolio amounts to 1,083,000 square metres, comprising 13,725 flats, with a market value of SEK 16.2 Bn. The shares in Victoria Park are listed for trading on Nasdaq Stockholm Mid Cap.
Victoria Park AB (publ) Box 2, 201 20 Malmö, Tel +46 (0)40 16 74 40, Corporate Reg No 556695-0738, Head Office Malmö, www.victoriapark.se/english