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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
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Germany's TAG closes Colonia bid at 38%, will try to raise
Hamburg-based property group TAG has closed its voluntary takeover bid for listed peer Colonia Real Estate, holding 38.28% of equity and voting rights. "We are very satisfied with this result and will stick to our plan of eventually acquiring the majority," said Chief Executive Officer Rolf Elgeti. "To achieve this, we will seize inexpensive opportunities to increase our stake."