German property groups LEG Immobilien and TAG Immobilien have terminated their merger discussions over a disagreement on valuation, reported Reuters.
“No agreement could be reached particularly with regard to a possible exchange ratio. Against this backdrop, the two companies will not pursue the intended combination further,” LEG stated.
The German property market has boomed in recent years, prompting several companies to seek mergers as well as stock market listings to benefit from rising house and commercial real estate prices.
Late in 2019, residential real estate firm ADO Properties announced a merger with Adler Real Estate and commercial property group Aroundtown agreed to buy TLG Immobilien.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
