SWISS LIFE HOLDING AG Zurich, 1 October 2014
Swiss Life completes its acquisition of CORPUS SIREO
Having obtained all the necessary approvals from the responsible competition authorities, Swiss Life has completed its purchase of CORPUS SIREO with effect from 1 October 2014 at the agreed price of EUR 210 million.
Swiss Life announced on 13 August 2014 that it was acquiring CORPUS SIREO with retroactive effect from 1 January 2014. Founded in 1995 and based in Cologne, CORPUS SIREO is the leading independent real estate asset management service provider in Germany. From 11 branch offices in Germany and Luxembourg, the company manages some EUR 16 billion in real estate assets and generates revenues of approximately EUR 160 million. The sellers of the company are three German savings banks: Sparkasse KölnBonn (50%), Stadtsparkasse Düsseldorf (25%) and Frankfurter Sparkasse (25%). The purchase was finalised, with the receipt of all the necessary approvals from the responsible competition authorities, as of 1 October 2014. With its approximately 550 employees, CORPUS SIREO will be managed as a business area within Swiss Life Asset Managers. The transaction enables Swiss Life to position itself as a leading provider in the core strategic area of real estate asset management in Germany, in addition to Switzerland and France.
Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch
www.swisslife.com
Further information
All our media releases can be found at swisslife.com/mediareleases
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