TAG Immobilien AG: TAG Immobilien AG acquires shares in TLG Wohnen GmbH
TAG Immobilien AG / Key word(s): Acquisition
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
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|Company:||TAG Immobilien AG|
|Phone:||040 380 32 0|
|Fax:||040 380 32 390|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart|
|End of News||DGAP News-Service|