Instone Real Estate Group Completes Cross-Border Conversion from Dutch Public Company into German Stock CorporationAugust 28, 2018
Instone Real Estate Group, a leading German residential real estate developer with a focus on key metropolitan regions and publicly listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), successfully completed its cross-border conversion from a Dutch public company (naamloze vennootschap (N.V.)) into a German stock corporation (Aktiengesellschaft).
Instone's conversion from a Dutch into a German stock corporation is the first cross-border conversion of a publicly listed company registered in Germany. The cross-border conversion followed Instone's IPO and listing on the Frankfurt Stock Exchange in February. With the cross-border conversion, Instone aims to simplify its corporate and organizational structure and to reduce the administrative costs of adhering to two legal jurisdictions.
The S&C Frankfurt-based core team was led by York Schnorbus, along with Sebastian Plassmann. Philipp Kloeckner advised on certain securities law matters and Karoline Koenig provided valuable advice.