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Deutsche Telekom exercises pre-emptive right over Immobilien Scout shares |
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18 September 2007 A Consortium consisting of Publishing and Broadcasting Limited ("PBL") and Macquarie Bank Limited ("Macquarie") today has been advised by Aareal Bank that it has received official notice from Deutsche Telekom indicating that through its subsidiary Scout 24 AG, Deutsche Telekom intends to exercise its pre-emptive right over the 66.2% interest of Immobilien Scout on offer from Aareal Bank. As identified in the initial announcement of the transaction on 16 August 2007 by Macquarie and PBL any acquisition was conditional on, amongst other things, this pre-emptive right not being exercised. The acquisition will therefore not be completed. For further information, please contact:
Paula Hannaford
Richard Nelson |
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| Important
information | Privacy
policy Macquarie Bank Limited ABN 46 008 583 542 |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Any Macquarie subsidiary noted on this page is
not an authorised deposit-taking institution for the purposes of the Banking
Act (Cwth) 1959. That subsidiary's obligations do not represent deposits
or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
MBL does not guarantee or otherwise provide assurance in respect of the
obligations of that subsidiary, unless noted otherwise. |
