DIC Asset offloads 6% share in TLG for €32.9m

In a deal worth €32.9m, DIC Asset, whose CEO is Sonja Wärntges, sold 6 percent of its TLG Immobilien AG stock holding to Ouram Holding S.à.r.l. Following the close, DIC Asset’s equity increased by €3.2m since the end of last year, when the German property company announced plans to offload its TLG Immobilien AG holdings. The company plans to sell its remaining 8-percent share in TLG Immobilien to Bedrock in April. Proceeds from the sales will be used to further DIC Asset’s growth.