Adler - comment

By recent standards, the company had a rather uneventful call today. No news were really expected and none were given. The unwind of the Partners Immobilien transaction had previously been signalled, so that the remaining news were smaller items, including some incremental insight into the Brack financing. The most interesting information was that Adler are not discussing with LEG to sell the Gerresheimer property away from Brack before LEG would execute their option.