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28 May 2012

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Elgeti propels TAG into German big league, creating housing firm

Since Rolf Elgeti became CEO of Hamburg's listed TAG 18 months ago, he has exploited crisis-hit prices to expand its balance sheet in share swaps and now expects to gain control of Colonia after winning 38% in a bid. His aim is to create a housing firm, he told PIE. TAG founded in 1882, still owns historical assets on the chic Lake Tegern in Bavaria.

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