Dinu Patriciu increases the participation to Deutsche Land
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Dinu Patriciu increases the participation to Deutsche Land
Black Sea Global Properties Limited raised the participation to the German fund to 32.1 % and launched an offer of integral take over.
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Black Sea Global Properties Limited (BSGP), controlled by Dinu Patriciu, bought today 11.9 million social parts in Deutsche Land, at 12 pence / unit, representing a total price of 1.4 million pounds (1.6 million euro), increasing the participation to the capital of the real fund investments from 29.9 % to 32.1 %.
As a consequence, according to the London stock exchange’s regulations, the company launched a mandatory offer of Deutsche Land’s total take over, at a price of 39.9 million pounds (45.36 million euro), according to the company’s press release.
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