Frankfurt-listed firm DIC Asset has inked a deal to sell a 14 percent share in Germany’s TLG Immobilien to Israel-based Ouram Holding and private real estate investor Bedrock Group for €376 million ($428 million).
DIC Asset to sell 6 percent stake in TLG IMMOBILIEN to Ouram and 8 percent to Bedrock.
DIC Asset expects closing of this transaction to take place at the end of the first quarter/beginning of the second quarter 2019, at the latest.
