TLG Immobilien investor Dayan secures 22.54% valued at approximately EUR 530m (translated)
27 JAN 2018
Israeli property investor Amir Dayan has secured 22.54% in German property group TLG Immobilien (ETR:TLG), Boersen Zeitungreported.
The German daily said Dayan's Ouram investment company announced it has agreed to buy 23 million shares representing 22.54% in TLG, and valued at around EUR 530m. Ouram has already secured 4.51% and can acquire a further 18.03% in April, the report stated. It is not clear who Ouram acquired the shares from, the report noted. Large shareholder DIC Real Estate is not thought to have sold shares.
Ouram is considering further increasing its shareholding, the report stated.