TAG to Buy DKBI This Week for EU960 Million, FT Deutschland Says

TAG Immobilien AG (TEG) will buy DKB Immobilien AG, a subsidiary of BayernLB, for 960 million euros ($1.27 billion) at the beginning of this week, Financial Times Deutschland reported, without saying where it got the information.

The price includes DKBI’s debt of about 800 million euros, FTD said.

To contact the reporter on this story: Julie Cruz in Dusseldorf via jcruz6@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net

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