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ATRIUM EUROPEAN REAL ESTATE LIMITED

(ATRS)
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PRESS RELEASE : Atrium European Real Estate Limited / Atrium European Real Estate confirms that it has received a proposal from Gazit Globe Limited to acquire the outstanding equity of the Company

08/02/2021 | 03:41am EDT
=------------------------------------------------------------------------------- 
  Disclosed inside information pursuant to article 17 Market Abuse Regulation 
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. 
  The issuer is responsible for the content of this announcement. 
=------------------------------------------------------------------------------- 
 
Company Information 
02.08.2021 
 
St Helier Jersey / Channel Islands - 
Atrium European Real Estate confirms that it has received a proposal from Gazit 
         Globe Limited to acquire the outstanding equity of the Company 
 
Ad hoc announcement - Jersey, 2 August 2021, Atrium European Real Estate Limited 
(VSE/Euronext: ATRS), (the "Company", "Atrium", and together with its 
subsidiaries, the "Atrium Group" or the "Group"), a leading owner operator of 
shopping centres in Central Europe, confirms that the Board of Directors of the 
Company has received a proposal from Gazit Globe Limited ("Gazit") to acquire 
the equity of Atrium that Gazit does not currently own for a consideration of 
EUR3.35 per share. 
 
An independent committee of the Atrium Board will review and consider the 
proposal. Further updates will be made as appropriate. 
 
For further information: 
 
Doron Lavi Segelson: dlavi@aere.com 
 
FTI Consulting Inc.: +44 (0)20 3727 1000 
Richard Sunderland/Claire Turvey/Ellie Sweeney/Andrew Davis: 
scatrium@fticonsulting.com [scatrium@fticonsulting.com] 
 
 
About Atrium European Real Estate 
Atrium is a leading owner, operator and redeveloper of shopping centres and 
retail real estate in Central Europe. Atrium specializes in locally dominant 
food, fashion and entertainment shopping centres in the best urban locations. 
Atrium owns 26 properties with a total gross leasable area of over 809,000 sqm 
and with a total market value of approximately EUR2.5 billion. These properties 
are located in Poland, the Czech Republic, Slovakia and Russia, and with the 
exception of one, are all managed by Atrium's internal team of retail real 
estate professionals. In February 2020 Atrium announced a strategy to diversify 
its portfolio by investing in and managing residential for rent real estate, 
with a primary focus on Warsaw. 
 
The Company is established as a closed-end investment company incorporated and 
domiciled in Jersey and regulated by the Jersey Financial Services Commission as 
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange 
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice 
should be sought in the case of any uncertainty as to the scope of the 
regulatory requirements that apply by reason of the above regulation and 
listings. All investments are subject to risk. Past performance is no guarantee 
of future returns. The value of investments may fluctuate. Results achieved in 
the past are no guarantee of future results. 
 
 
 
 
Further inquiry note: 
For further information: 
FTI Consulting Inc.: 
+44 (0)20 3727 1000 
Richard Sunderland 
Claire Turvey 
Richard.sunderland@fticonsulting.com 
 
end of announcement                         euro adhoc 
=------------------------------------------------------------------------------- 
 
 
 
 

(END) Dow Jones Newswires

August 02, 2021 03:40 ET (07:40 GMT)

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Analyst Recommendations on ATRIUM EUROPEAN REAL ESTATE LIMITED
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Financials
Sales 2021 182 M 213 M 213 M
Net income 2021 36,8 M 43,2 M 43,2 M
Net Debt 2021 1 092 M 1 280 M 1 280 M
P/E ratio 2021 35,2x
Yield 2021 6,99%
Capitalization 1 203 M 1 412 M 1 410 M
EV / Sales 2021 12,6x
EV / Sales 2022 12,0x
Nbr of Employees -
Free-Float 26,3%
Chart ATRIUM EUROPEAN REAL ESTATE LIMITED
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Atrium European Real Estate Limited Technical Analysis Chart | ATRS | JE00B3DCF752 | MarketScreener
Technical analysis trends ATRIUM EUROPEAN REAL ESTATE LIMITED
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 3
Last Close Price 3,01 €
Average target price 3,10 €
Spread / Average Target 3,16%
EPS Revisions
Managers and Directors
Liad Barzilai Group Chief Executive Officer
Ryan Lee Group Chief Financial Officer
Chaim K. Katzman Chairman
Scott Jonathan Dwyer Group Chief Operating Officer
Evaristo Paez Rasmussen Group Chief Investment Officer
Sector and Competitors