16.10.2023 11:27:28 - EQS-Adhoc: Corestate Capital Holding S.A.: Corestate disposes CRM Students - focus on core business asset management

===
EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Strategic Company Decision/Disposal
Corestate Capital Holding S.A.: Corestate disposes CRM Students - focus on core business asset management
16-Oct-2023 / 11:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Corestate disposes CRM Students - focus on core business asset management

Luxembourg, 16 October 2023 - The Board of Management of Corestate Capital Holding S.A. ("Corestate") has decided today
to sell CRM Students Ltd, Oxford ("CRM") and thereafter Upartments Real Estate GmbH, Leipzig ("Upartments") to Dot
Group, London. The associated carve-out of the student and serviced apartment operations is part of Corestate's
strategic focus on asset and investment management as its core business. Both transactions are subject to the usual
conditions precedent and are expected to be completed during the fourth quarter of 2023. Corestate expects a total cash
inflow of around EUR 13 million, including the repayment of intra-group financing and positions from working capital. The
cash inflows will increase the redemption capacity of the Group provided for in the restructuring concept.
Notifying person:
Dr. Kai Gregor Klinger
Chief Markets Officer
T: +49 69 3535630107
M: +49 152 22755400
ir@corestate-capital.com

End of Inside Information
16-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.
Archive at www.eqs-news.com  
Language:     English 
Company:      Corestate Capital Holding S.A. 

4 Rue Jean Monnet
2180 Luxembourg
Luxemburg
Phone:        +49 69 3535630-107 
Fax:          +49 69 3535630-299 
E-mail:       IR@corestate-capital.com 
Internet:     www.corestate-capital.com 
ISIN:         LU1296758029 
WKN:          A141J3 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1749637

End of Announcement EQS News Service
===
1749637 16-Oct-2023 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1749637&application_name=news

END) Dow Jones Newswires

October 16, 2023 05:27 ET (09:27 GMT)
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CORESTATE CAPITAL EO-,075 A141J3 Xetra 0,590 30.05.24 11:11:30 -0,006 -1,01% 0,562 0,618 0,590 0,596

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH