Grand City Properties acquires 20.04% stake in LEG Immobilien
Bitget2026/10/20 17:22- Grand City Properties entered agreements today to acquire LEG Immobilien shares, bringing its total holding to 20.04%, including existing holdings.
- The stake is a financial investment that could rise opportunistically to 29.9% or be reduced or sold entirely, depending on market conditions.
- Book value attributable to the acquired shares was approximately €1.8 billion as of June 2026.
- The substantial discount to book value could generate a substantial one-off, non-cash profit under IFRS, subject to certain conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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