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28 May 2012

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Hamburg's TAG plans to acquire 24% stake in Colonia

Hamburg listed property firm TAG Immobilien plans to acquire a strategic stake in Cologne-based Colonia Real Estate and has received sell offers from CRE investors for around 24% of its equity, which TAG intends to accept. CRE today made a capital increase raising E10.8m. (See upcoming PIE Editions for full story)

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