Bloomberg News

TAG Immobilien Plans to Join MDAX, FT Deutschland Reports

April 11, 2012

TAG Immobilien AG (TEG) will probably join Germany’s MDAX index of mid-sized companies after its purchase of DKB Immobilien AG, the Financial Times Deutschland reported, citing an interview with Chief Executive Officer Rolf Elgeti.

The real-estate company, which forecast 27 million euros ($35 million) of funds from operations this year, expects the 160 million-euro acquisition to help it become “sustainably profitable,” the newspaper said.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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