LEG will not buy remaining BCP stake from troubled Adler

Adler SA

03/08/2022 20:26

FRANKFURT, Aug 3 (Reuters) - German real estate group LEG
Immobilien  LEGn.DE  said on Wednesday it would not exercise an
option to buy further shares in property investor BCP from rival
Adler  ADJ.DE , which was pursuing the transaction to reduce its
debt load.
    Adler said in May it expected LEG to go ahead with buying
its remaining 63% stake in BCP, which owns about 12,000
apartments in Germany, before the deadline in
September. urn:newsml:reuters.com:*:nL5N2WV2OQ
    
    
     



    
    
    
    

 (Reporting by Ludwig Burger; Editing by Leslie Adler)
 ((ludwig.burger@thomsonreuters.com; +49 30 220133634;))