Ad-Hoc
Corestate Capital Holding S.A.: Execution of Lock-up Agreement with Group of Noteholders
Luxembourg, 26 November 2025 – Corestate Capital Holding S.A. (“Corestate”) today entered into a lock-up agreement with a significant group of holders of the EUR 64,816,710.00 8.00% notes (ISIN DE000A19YDA9) and the EUR 40,683,288.31 8.00% notes (ISIN DE000A19SPK4), each maturing [...]
Corestate to sell STAM Europe SAS
Luxembourg, 10 April 2025 – The Board of Management of Corestate Capital Holding S.A. (“Corestate”) has today entered into exclusive agreements in view of the sale of STAM Europe SAS, Paris (“STAM”) as well as its subsidiaries – inter alia the Alternative Investment Fund Manager [...]
Appointment of KPMG Audit S.à r.l. as auditor for the financial years 2022, 2023 and 2024
Luxembourg, 29 August 2024 – Today, with the consent of the Supervisory Board, the Management Board of Corestate Capital Holding S.A. (“Corestate” or “Company”) has accepted the commercial offer to mandate the auditing firm KPMG Audit S.à r.l. (“KPMG”) [...]
Corestate disposes CRM Students – focus on core business asset management
Luxembourg, 16 October 2023 – The Board of Management of Corestate Capital Holding S.A. ("Corestate") has decided today to sell CRM Students Ltd, Oxford ("CRM") and thereafter Upartments Real Estate GmbH, Leipzig ("Upartments") to Dot Group, London. The associated [...]
Corestate discontinues banking business and returns securities trading bank license
Luxembourg, 27 September 2023 – As part of the Group's consistent strategic focus on asset management, the Management Board of Corestate Capital Holding S.A. ("Corestate") today decided to discontinue the prudentially regulated business of Corestate Bank GmbH and to initiate [...]
Further change in the Management Board – CFO of the company leaves the Management Board at his own request
Luxembourg, 10 May 2023 – The CFO of Corestate Capital Holding S.A. ("Corestate"), Mr. Udo Giegerich, will resign from the Management Board at his own request and by mutual agreement at the end of May 2023. In the future, the [...]
Corestate decides to implement an alternative restructuring concept and changes in Management Board and Supervisory Board
Luxembourg, 4 May 2023 – The Management Board of Corestate Capital Holding S.A. („Corestate“) has today agreed with a group of large bondholders, the so-called Ad Hoc Committee ("AHC"), additional investors and major shareholders on the implementation of an [...]
Corestate adjusts business strategy and pursues alternative restructuring concept
Corestate Capital Holding S.A. ("Corestate") will consider an alternative restructuring concept ("Alternative Concept") in view of the planned restructuring of the debt instruments. The implementation of this Alternative Concept is in principle independent of the availability of audited financial [...]
Appointment of auditor for the financial year 2022 delayed – audited financial statements unlikely to be available by 30 April 2023
In view of the complex bond restructuring procedures, the process to appoint an auditor for the consolidated and separate financial statements of Corestate Capital Holding S.A. ("Corestate") for the past financial year 2022 has been delayed. As a result, the [...]
Conditions precedent from the resolutions of the creditors’ meetings have occurred
Conditions precedent from the resolutions of the creditors' meetings on the restructuring of the Corestate bonds have occurred. Corestate Capital Holding S.A. (the "Issuer") hereby announces that the conditions precedent (as defined in Clause 1 [...]
General Meeting resolves to create the authorized capital required for the restructuring
The Extraordinary General Meeting of Corestate Capital Holding S.A. ("Corestate") today resolved to increase the authorized capital with an approval of 99.7 percent and thus the required majority to amend the Articles of Association. Accordingly, the Management Board is now [...]
Changes in Supervisory Board and Management Board
Corestate Capital Holding S.A. ("CORESTATE") announces changes in the Supervisory Board and Management Board. The previous members of the Supervisory Board, Dr. Roland Folz and Dr. Friedrich Oelrich resigned from office. Dr. Nedim Cen and Dr. Marian Berneburg were [...]
Creditors’ meetings approve modified restructuring concept
Creditors' meetings approve modified restructuring concept – Exchange of existing Bonds by way of a debt-to-equity and debt-to-debt swap planned – Significant adjustment of corporate governance of the Corestate Group The creditors' meetings for the convertible bond 2022 ("WSV [...]
Management board no longer believes that success of restructuring negotiations is more likely than not
Frankfurt, November 18, 2022 – Based on information received today on the progress of the negotiations between representatives of major noteholders and equity investors, the management board of Corestate Capital Holding S.A. ("CCHSA") has come to the conclusion tonight that [...]
Corestate makes substantial impairments in the Real Estate Debt segment
Frankfurt, 14 June 2022 – The Management Board of Corestate Capital Holding S.A. (Corestate) has decided in its meeting today to recognize impairments on the goodwill and brand value as well as a risk provision for outstanding performance fees and [...]
Evaluation of options for refinancing the convertible bond and bond, including potential alternative scenarios. Financial outlook for 2022 is withdrawn.
Luxemburg, 9 May 2022 – The Management Board of Corestate Capital Holding S.A. ("Corestate") has decided today - while continuing and maintaining the steps taken to raise additional liquidity - to prepare in parallel alternative measures to refinance the [...]
