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TLG Immobilien AG

TLGG.DE

Latest Trade

29.50EUR

Change

-0.15(-0.51%)

Volume

45,204

Today's Range

29.35

 - 

29.55

52 Week Range

22.60

 - 

29.85

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Aroundtown Receives 59.4% Acceptance Rate For TLG Immobilien Offer In Initial Acceptance Period

Jan 24 (Reuters) - AROUNDTOWN SA <AT1.DE>::RECEIVED HIGH ACCEPTANCE RATE FOR TLG IMMOBILIEN AG OFFER IN INITIAL ACCEPTANCE PERIOD.AT END OF INITIAL ACCEPTANCE PERIOD FOR VOLUNTARY EXCHANGE OFFER FOR ALL OUTSTANDING SHARES IN TLG IMMOBILIEN AG ("TLG") AN ACCEPTANCE LEVEL OF 59.4% WAS ACHIEVED.THIS FIGURE DOES NOT TAKE INTO ACCOUNT AN ADDITIONAL 10.4% WHICH CONTINUES TO BE SUBJECT TO IRREVOCABLE UNDERTAKING AGREEMENT WITH OURAM.FINAL RESULTS OF VOLUNTARY TENDER OFFER ARE EXPECTED TO BE PUBLISHED ON 13 FEBRUARY 2020.ADDITIONAL ACCEPTANCE PERIOD OF TWO WEEKS WILL BEGIN ON 25 JANUARY 2020 AND WILL RUN UNTIL END OF 7 FEBRUARY 2020.

TLG Recommends Acceptance Of Exchange Offer From Aroundtown

Dec 23 (Reuters) - TLG Immobilien AG <TLGG.DE>::DGAP-NEWS: MANAGEMENT AND SUPERVISORY BOARD OF TLG IMMOBILIEN RECOMMEND ACCEPTANCE OF EXCHANGE OFFER FROM AROUNDTOWN.BUSINESS COMBINATION VIA LAUNCHED EXCHANGE OFFER IS IN TLG'S BEST INTEREST.INITIAL ACCEPTANCE PERIOD STARTED 18 DECEMBER 2019 AND ENDS 21 JANUARY 2020.

Aroundtown Would Greatly Profit From DAX Listing - Deputy CEO

Dec 4 (Reuters) - Aroundtown <AT1.DE> Deputy CEO Andrew Wallis in Reuters interview::CO COULD ENTER BLUECHIP DAX IN SEPT 2020 OR EARLY 2021.CO WOULD GREATLY PROFIT FROM DAX LISTING.HIGH GROWTH POTENTIAL AFTER PROPOSED MERGER WITH TLG IMMOBILIEN.GRAND CITY REMAINS IMPORTANT, EVEN AFTER MERGER WITH TLG.

TLG Immo Says Court Confirms Settlement Offered To Outside Shareholders Of WCM

Nov 25 (Reuters) - TLG Immobilien AG <TLGG.DE>::DGAP-NEWS: COURT CONFIRMS THE ADEQUACY OF THE GUARANTEED DIVIDEND AND THE SIZE OF THE SETTLEMENT OFFERED BY TLG IMMOBILIEN TO OUTSIDE SHAREHOLDERS OF WCM.DGAP-NEWS: COURT CONFIRMS THE ADEQUACY OF THE GUARANTEED DIVIDEND AND THE SIZE OF THE SETTLEMENT OFFERED BY TLG IMMOBILIEN TO OUTSIDE SHAREHOLDERS OF WCM.OUTSIDE SHAREHOLDERS OF WCM STILL HAVE OPPORTUNITY TO MAKE USE OF OFFER AND EXCHANGE THEIR WCM SHARES FOR TLG IMMOBILIEN SHARES VIA THEIR CUSTODIAN BANK.SHAREHOLDER ACTION CONCERNING GUARANTEED DIVIDEND AND SIZE OF SETTLEMENT FOR WCM SHAREHOLDERS DISMISSED.IN DOING SO, COURT HAS CONFIRMED ADEQUACY OF SETTLEMENT OFFER MADE BY TLG IMMOBILIEN TO OUTSIDE SHAREHOLDERS OF WCM.SWAP FOR SHARES OF TLG IMMOBILIEN HAS INCREASED EXPECTED DIVIDEND YIELD TO 3.5%.

TLG Immobilien And Aroundtown Agree On Business Combination

Nov 18 (Reuters) - Tlg Immobilien Ag <TLGG.DE>::DGAP-ADHOC: TLG IMMOBILIEN AND AROUNDTOWN AGREE ON BUSINESS COMBINATION AND EXCHANGE OFFER FOR ALL SHARES IN TLG IMMOBILIEN.CONSIDERATION OFFERED AND PAID BY AROUNDTOWN SHALL COMPRISE 3.6 AROUNDTOWN SHARES FOR EACH TLG SHARE.EXPECTS COMBINED COMPANY IMPROVEMENT IN PRE-TAX FFO IN RANGE OF EUR 110 MILLION TO EUR 139 MILLION PER YEAR WITHIN FIVE YEARS POST-MERGER.UPON SUCCESSFUL CONSUMMATION OF TRANSACTION, COMBINED GROUP WOULD CARRY NEW NAME & CONTINUE TO HAVE ITS GERMAN OPERATIONAL HEADQUARTERS IN BERLIN.OURAM HOLDING S.À R.L., TLG'S LARGEST SHAREHOLDER, COMMITTED TO TENDERING ITS APPROXIMATELY 28% STAKE IN TLG INTO OFFER.POST-MERGER, CO HAS RIGHT TO NOMINATE TWO OUT OF FIVE MEMBERS OF AROUNDTOWN'S MANAGEMENT BODY.

TLG Immobilien FFO And EPRA NAV Grow In Q3, Starts Merger With Aroundtown

Nov 6 (Reuters) - TLG IMMOBILIEN AG <TLGG.DE>::EXPERIENCES FFO AND EPRA NAV GROWTH AND INITIATES MERGER WITH AROUNDTOWN.OCCUPANCY RATE IS HIGH AND STABLE AT AROUND 97% WITH AN AVERAGE WALT OF ALMOST 6 YEARS.EPRA NAV PER SHARE AT EUR 30.25.COMPARED TO FIRST THREE QUARTERS OF 2018, RENTAL INCOME HAS INCREASED BY AROUND 4.0% TO EUR 173.0 M.INSTEAD OF PREVIOUSLY FORECAST MARGIN OF BETWEEN EUR 140 M AND EUR 143 M BY END OF 2019, COMPANY NOW EXPECTS FFO GROWTH OF AROUND EUR 147 M.HAS SIGNED A TERM SHEET FOR A POTENTIAL MERGER WITH AROUNDTOWN.WHEN AROUNDTOWN HOLDS MORE THAN 50% OF SHARES OF TLG IMMOBILIEN, COMPANY IS TO BE OPERATED BY A MANAGEMENT BODY TO BE SUPERVISED BY SEPARATE BOARD OF DIRECTORS.TLG IMMOBILIEN WOULD APPOINT CHAIRMAN OF BOARD OF DIRECTORS AS WELL AS CFO.IF 66% THRESHOLD IS SURPASSED, TLG IMMOBILIEN CAN APPOINT ANOTHER MEMBER TO MANAGEMENT BODY AND ELECT ONE OF ITS REPRESENTATIVES CO-CEO.

TLG Immobilien, Aroundtown Agree On Essential Terms For Potential Merger

Oct 26 (Reuters) - Tlg Immobilien Ag <TLGG.DE>::TLG IMMOBILIEN AND AROUNDTOWN AGREE ON ESSENTIAL TERMS FOR POTENTIAL MERGER.COMBINED COMPANY IS CONTEMPLATED TO DO BUSINESS UNDER A NEW NAME TO BE DEFINED BY AROUNDTOWN AND TLG.COMBINED COMPANY IS CONTEMPLATED TO HAVE ITS OPERATIONAL HEADQUARTERS IN BERLIN.TLG IMMOBILIEN- UPON HOLDING THRESHOLD OF SHARES IN CO IT IS CONTEMPLATED AROUNDTOWN INTRODUCES GOVERNANCE STRUCTURE CONSISTING OF A MANAGEMENT BODY.AROUNDTOWN INTRODUCED GOVERNANCE STRUCTURE TO CONSIST OF A MANAGEMENT BODY WHICH WILL INCLUDE FIVE MEMBERS.AROUNDTOWN INTRODUCEDA GOVERNANCE STRUCTURE TO CONSIST OF BOARD OF DIRECTORS WHICH WILL INCLUDE SIX OR SEVEN MEMBERS.UPON AROUNDTOWN REACHING HOLDING THRESHOLD, TLG WILL NOMINATE INITIAL CHAIRMAN OF AROUNDTOWN'S BOARD AND CFO.TLG IMMOBILIEN - CO'S MANAGEMENT BOARD EXECUTED NON-BINDING TERM SHEET WITH AROUNDTOWN GOVERNING ESSENTIAL TERMS AND CONDITIONS OF A POTENTIAL MERGER.TLG IMMOBILIEN - TERM SHEET PROVIDES FOR BUSINESS COMBINATION BY WAY OF VOLUNTARY PUBLIC OFFER BY AROUNDTOWN FOR ALL SHARES IN CO.TLG IMMOBILIEN - BUSINESS COMBINATION BY WAY VOLUNTARY PUBLIC OFFER FOR ALL SHARES IN CO AGAINST CONSIDERATION CONSISTING OF AROUNTOWN SHARES.

TLG Immobilien Implements Several Steps Towards Business Combination With Aroundtown

Sept 26 (Reuters) - TLG Immobilien AG <TLGG.DE>::HAS SUCCESSFULLY IMPLEMENTED SEVERAL STEPS TOWARDS A BUSINESS COMBINATION WITH AROUNDTOWN.FOLLOWING EXERCISE OF CALL OPTION, TLG'S SHAREHOLDING IN AROUNDTOWN INCREASES TO CA. 13.0%..INTENDS TO PURSUE DISCUSSIONS WITH AROUNDTOWN FOR BENEFIT OF BOTH COMPANIES AND THEIR SHAREHOLDERS TO CREATE A LEADING COMMERCIAL OFFICE PLATFORM IN EUROPE.

TLG Immobilien places 1 bln eur in notes, bonds for Aroundtown stake buy

Sept 17 (Reuters) - TLG Immobilien AG <TLGG.DE>::SAYS BLENDED INTEREST RATE OF 1,875% PER YEAR.SAYS ESTABLISHES LONG TERM FINANCING FOR TLG'S ACQUISITION OF SHARES OF AROUNDTOWN AND FUTURE GROWTH.

TLG Immobilien Considers To Issue Notes

Sept 16 (Reuters) - TLG Immobilien AG <TLGG.DE>::DGAP-ADHOC: TLG IMMOBILIEN AG CONSIDERS TO ISSUE SENIOR UNSECURED FIXED RATE NOTES AND/OR UNDATED SUBORDINATED NOTES.EACH OF NOTES, IF ISSUED, IS EXPECTED TO BE LISTED ON REGULATED MARKET OF LUXEMBOURG STOCK EXCHANGE AND WILL BE GOVERNED BY GERMAN LAW.NET PROCEEDS FROM PROPOSED ISSUANCES WILL BE USED TO REFINANCE BRIDGE FACILITIES ENTERED INTO BY TLG TO (PARTIALLY) FINANCE RECENT ACQUISITION OF A STAKE OF 9.99% IN SHARE CAPITAL OF AROUNDTOWN S.A..AMOUNT PAYABLE UPON EXERCISE OF OPTION TO ACQUIRE AN ADDITIONAL STAKE OF UP TO 4.99% IN SHARE CAPITAL OF AROUNDTOWN S.A..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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