Noerr advises Noratis AG on investment by Merz Real Estate

Noerr has advised Noratis AG on Merz Real Estate’s investment in the company. Merz Real Estate GmbH & Co. KG, a Merz Group company, is acquiring 29.4% of the shares from two major shareholders of Noratis AG, including its CEO, Igor Christian Bugarski, thereby becoming the largest shareholder of the residential real estate portfolio developer.

Also, Merz Real Estate has entered into an investment and fixed share subscription agreement committing to corporate action to invest up to a total of EUR 50 million in Noratis AG by the end of the 2024 financial year. This investor commitment is intended to boost Noratis AG’s portfolio growth.

Implementation of the transactions with Merz Real Estate is still subject to clearance by the Federal Cartel Office.

Advisors to Noratis AG: Noerr LLP

Dr Holger Alfes (Capital Markets, Corporate/M&A), Dr Thorsten Reinhard (Corporate/M&A), Dr Fabian Badtke (Antitrust, all Frankfurt)