Bangalore The German TLG Immobilien will be with around Town SA merge in an all-share transaction. The real estate company announced on Tuesday that TLG shareholders will receive 3.6 Aroundtown shares for each TLG share. Ouram Holding, the largest shareholder of TLG, has committed to tendering its approximately 28 percent stake in TLG.
The companies expect the merger to increase pre-tax operating income from € 110 million to € 139 million a year within the first five years.
More: The profits of TLG Immobilien increased by nearly seven percent from January to September. The reason is higher rental income.
(tTransTranslate) TLG Real Estate (t) Aroundtown (t) Real Estate (t) Real Estate Market (m) Mergers & Acquisitions M & A (t) Investment (t) Property Tax (t) Investment Funds (t) Investment Tips Property (t) t) shareholder (t) privatization (t) Commercial (t) Property management (t) home owner