TAG Immobilien Makes Offer for Last Minority Bau-Verein Stake

TAG Immobilien AG, a Hamburg-based realtor, offered 4.50 euros a share for the remaining stake in Bau-Verein zu Hamburg AG it doesn’t own.

TAG, which owns 93.2 percent of Bau-Verein, gave shareholders until March 9 to decide whether to accept the offer, according to an e-mailed statement from TAG.

Bau-Verein sells, develops, leases and manages residential and commercial real estate, primarily in Munich, Berlin and Hamburg, and has a market capitalization of 101 million euros ($134 million), according to data compiled by Bloomberg.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE