Announcement

TAG Immobilien AG: TAG Immobilien AG acquires shares in TLG Wohnen GmbH

TAG Immobilien AG / Key word(s): Acquisition29.11.2012 / 10:07 TAG Immobilien AG acquires shares in TLG

TAG Immobilien AG: TAG Immobilien AG acquires shares in TLG Wohnen GmbH


TAG Immobilien AG / Key word(s): Acquisition

29.11.2012 / 10:07


TAG Immobilien AG acquires shares in TLG Wohnen GmbH

(Hamburg, 29. November 2012) - TAG Immobilien AG ('TAG' in the following) has acquired the Federal Republic of Germany's shares in TLG Wohnen GmbH. The purchase contract sets the total purchase price at EUR 471 million, which includes the assumption of liabilities of around EUR 256 million. On 19 November 2012, TAG had won the bidding process hosted by the Federal Republic of Germany to privatise TLG Wohnen GmbH, one of the successor companies to the former Treuhand. The transaction is expected to conclude in the next few weeks.

 

Contact: TAG Immobilien AG
Investor and Public Relations
Britta Wöhner / Dominique Mann
Tel. +49 (0) 40 380 32 -386 / -305
Fax +49 (0) 40 380 32 390
ir@tag-ag.com



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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir@tag-ag.com
Internet: www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart
End of News DGAP News-Service

195103  29.11.2012