Borussia Dortmund simplifies group structure
DGAP-News: Borussia Dortmund GmbH & Co. KGaA / Key word(s): Miscellaneous Borussia Dortmund simplifies group structure
27.11.2013 / 14:52
Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien ('Borussia Dortmund') has absorbed by merger the group companies BVB Stadion Holding GmbH, BVB Beteiligungs-GmbH and BVB Stadion GmbH and acquired the heritable building right that previously belonged to BVB Stadion GmbH in the stadium site. The mergers took place on the basis of the financial statement dated 30 June 2013 as the final balance sheet, with the merger coming into effect in each case as of 1 July 2013, midnight.
The restructuring reduces the number of subsidiaries for Borussia Dortmund, which improves the transparency of the company. The acquired heritable building right for the home game stadium, which has previously been rented within the BVB Group, concerns property that has been owned by Borussia Dortmund for years. With the merger, though, ownership of the stadium was now transferred directly to the parent company, Borussia Dortmund. Furthermore, this change to the structure ends the income tax consolidation group consisting of the three group companies with Borussia Dortmund as the parent company in the scope of company agreements. Thus, the result is the dissolution of a complex share and agreement structure that arose in 2006 on account of the buyback of stadium shares that had been placed with a mutual fund. Shareholders' resolutions for the mergers from the annual general meeting of Borussia Dortmund were not necessary, as the mergers all took place in the internal relationship of the group.
Dortmund, 27th November 2013 Borussia Dortmund GmbH & Co. KGaA Borussia Dortmund Geschäftsführungs-GmbH
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