German property group TLG prepares offer for peer WCM - sources

WCM Beteiligungs und Grundbesitz AG

10/05/2017 13:18

FRANKFURT, May 10 (Reuters) - German property group TLG 
Immobilien  TLGG.DE  is preparing a takeover offer for peer WCM 
 WCMKk.DE  as it seeks to buy stakes from the company's largest 
shareholders, three people close to the matter said.  
    TLG is close to striking a deal to buy a 26 percent stake in 
WCM from DIC Asset  DICn.DE  and a 14 percent stake belonging to 
the Ehlerding family, the people said.  
    Following the acquisition of these stakes, TLG would launch 
an offer to buy out all remaining shareholders, they added.  
    The deal may be announced as early as this week, they said. 
    TLG, DIC and WCM declined to comment, while Ehlerding was 
not immediately available. 
 
 (Reporting by Alexander Hübner and Arno Schuetze; Editing by 
Maria Sheahan) 
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters 
Messaging: arno.schuetze.reuters.com@reuters.net)) 
 
Keywords: WCM M&A/TLG IMMOBILIEN