When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
ADPPF - ADO Properties - A Sad Day For The German Wild West Capital Markets The ADO Story Could Be Dead
Ado Properties SA
For new readers about ADO, I would kindly refer you to my first article for a better understanding of the business.
Summary
In the past week there has been some newsflow about ADO Properties (ADPPF):
Sale of Units: ADO's management decided to sell around 5800 units
ADLER Bid: Adler Real Estate (ADREF), another German residential property company paid an implied price of around 51.5€ for 33% of ADO, through the Israel listed entity ADO Group.
While, especially 1) is a management attempt to set free value for all stakeholders and can be perceived as