Summit takes controlling stake in Deutsche Real Estate

By A staff reporter 2007-05-21T00:00:00

Summit Germany, a UK-based property investor, has bought the 76% stake held by the Goldman Sachs Group in Deutsche Real Estate for EUR 40 mln. Bloomberg reported that Summit agreed to buy the stake at EUR 2.61 a share last Friday, a 19% discount to the closing share price of ...

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