The real estate group Aroundtown wants to take its German subsidiary TLG Immobilien off the stock exchange.
In addition, Aroundtown wants to offer the remaining shareholders to take over their TLG shares at a unit price of EUR 31.67, both companies announced on Wednesday evening in Luxembourg and Berlin.
Aroundtown holds almost 80 percent of TLG shares.
In the meantime, however, only around four percent of the shares are in free float, wrote TLG.
Berlin / Luxembourg - Therefore, saying goodbye to the stock exchange is in the interests of the company.
For this reason, TLG has now concluded a delisting agreement with Aroundtown with the approval of the supervisory board.
dpa
