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White & Case Advises ADO Properties on Takeover and Delisting Offer for WESTGRUND

Global law firm White & Case LLP has advised ADO Properties S.A (ADO) on its voluntary public takeover offer and delisting tender offer to the shareholders of WESTGRUND Aktiengesellschaft (WESTGRUND).

The WESTGRUND offer, based on the current market capitalization of WESTGRUND with a transaction volume of around €900 million, follows the successful completion of ADO's voluntary public takeover offer in the form of a share-for-share offer to the shareholders of ADLER Real Estate Aktiengesellschaft (ADLER).

The White & Case team which advised on both transactions included partners Tobias Heinrich, Roger Kiem, Gernot Wagner, Rebecca Emory, Lutz Kraemer, Thilo Diehl (all Frankfurt), Stefan Bressler (Hamburg & Frankfurt), Bodo Bender, Karsten Wöckener, Andreas Lischka, Alexander Kiefner and Holger Wolf (all Frankfurt), local partners Sebastian Pitz and Tim Bracksiek (both Frankfurt) and associates Nico Frehse (Hamburg), Marianna Frenkel, Patrick Schoelles, Robert Nachama and Sandra D'Ascenzo (all Frankfurt).

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