Deutsche EuroShop

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Deutsche EuroShop AG

logo
legal form Corporation
ISIN DE0007480204
founding 1997
Seat Hamburg , GermanyGermanyGermany 
management
  • Wilhelm Wellner CEO ,
    Olaf Borkers
Number of employees 5 (2019)
sales 225.9 million euros (2019)
Branch property
Website www.deutsche-euroshop.de
As of December 31, 2019

The German Euro Shop AG , based in Hamburg (formerly in Eschborn ) is a German public limited company , which exclusively on investments in shopping centers specialized; it is currently involved in 21 shopping centers in Germany , Austria , Poland, the Czech Republic and Hungary . The company is a pure umbrella company and therefore the number of direct employees is rather small.

history

The company was founded on October 10, 1997 as a pure shelf company with the name TORWA Beteiligungs AG . On August 21, 2000 the name was changed to Deutsche EuroShop . The German Grundbesitz Management GmbH was the sole at this time shareholders and granted the company 580 Mill. Euros as capital reserves without counter-performance obligation is available, with the funds in September 2000 by the German Grundbesitz Management GmbH, the DI German real estate trust company and DB Real Estate fund Kappa Dr . Rühl KG acquired the stakes in eight shopping centers. The management was operated in 2001 by ECE Projektmanagement GmbH & Co. KG .

Deutsche EuroShop AG has been listed on the German stock exchange since January 2, 2001, and the entire proceeds from the issue went to Deutsche Grundbesitz Management GmbH (later name change to DB Real Estate ), a subsidiary of Deutsche Bank . The chairmen of the board were Knut Neuss and Jürgen Wundrack, the chairman of the supervisory board was Helmut Ullrich. On April 15, 2003, the company was included in the Prime Standard and on July 14, 2003 in the SDAX . It was included in the EPRA index on January 2, 2004 and, since September 20, 2004, in the MDAX , which it had to leave again on September 23, 2019. Since then it has been on the SDAX again. There is also a listing in the North German regional index HASPAX . On November 10, 2005, the company received approx. EUR 67 million from a capital increase. Further capital increases followed on July 7, 2009 and on February 1 and November 23, 2010, which brought the company a total of EUR 322 million. In November 2012, Deutsche EuroShop AG generated proceeds of around EUR 167.7 million from the placement of a convertible bond and shares from a capital increase. The convertible bond was finally converted to 99.5% in November 2017, the total number of shares was 61,783,594.

Shareholder structure

As of February 1, 2018, the company's share capital was divided into 61,783,594 shares. 17.8% of these are owned by Alexander Otto . At the end of 2016, the Supervisory Board held 9,683,163 (17.6%) shares, the Management Board none.

In April 2017, the company had around 14,500 shareholders and a free float of 82.4%. At this point in time, Alexander Otto held 17.6% of the company.

Corporate governance

Board

The board consists of the following members:

  • Wilhelm Wellner, Spokesman for the Management Board (since July 2015 Spokesman, since February 2015 member of the Management Board)
  • Olaf Borkers (member of the Management Board since 2005)

Supervisory board

The supervisory board consists of nine members. The chairman is Reiner Strecker and his deputy Karin Dohm.

Holdings

Germany
Europe

Web links

Individual evidence

  1. ↑ a b Annual Report 2019. (pdf) In: deutsche-euroshop.de. Retrieved May 21, 2020 .
  2. ↑ Michael Beck: Deutsche EuroShop AG. In: Welt Online . January 12, 2001, accessed March 2, 2017 .
  3. ↑ Deutsche EuroShop AG will receive approx. EUR 67 million from the capital increase
  4. ↑ Placement of convertible bonds and shares successfully completed
  5. ↑ Deutsche EuroShop - Newsroom - Corporate News. Retrieved February 16, 2018 .
  6. ↑ Deutsche EuroShop AG Annual Report 2016 German. Retrieved February 16, 2018 .