The conditional share transfer agreements related to the project partnership established for the Nordstern project carried out by our company`s Germany-based subsidiary, Nordstern Düsseldorf GmbH with EnFa Investment GmbH and Date Investment GmbH have been terminated due to non-fulfillment of the agreed obligations.
As a result of this termination, our company`s shareholding in Nordstern Düsseldorf GmbH has increased to 91%. As of today, discussions with investors have commenced regarding the potential sale of the entire Nordstern project.
This is hereby announced for the information of the public and our investors.