TLG Immobilien’s All-Stock Merger With Aroundtown

Sullivan & Cromwell LLP advised TLG Immobilien on the agreement with Aroundtown.

TLG IMMOBILIEN (TLGG.DE) has entered into an agreement with Aroundtown (AT1.DE), the largest listed German commercial real estate company, for a strategic business combination that will create the leading pan-European commercial real estate platform with over EUR 25 billion in assets, primarily in office, hotel and retail real estate.

The management and supervisory boards of TLG have indicated support for the transaction, which will allow TLG to strengthen its presence in key cities in Germany as well as access new markets. The combined company will be headquartered in Berlin, and will be a potential candidate for the DAX stock market index.

TLG acquired a 15% stake in Luxemburg-based Aroundtown in September of this year.

The S&C Frankfurt-based team representing TLG was led by Carsten Berrar (Picture) and Konstantin Technau, and included Florian Spaeth, Karoline Koenig, Johannes Hieronymi, Frederic Wuensche, Paul Rhode, Isabelle de Lange and Jeff Miller. Krystian Czerniecki and Clemens Rechberger advised on U.S. tender offer rules. Michael Rosenthal (Brussels), Michael Engel (London) and Elisa Hauch (Brussels) advised on antitrust matters. Daniel Kornack and Peter Klormann (both Frankfurt) advised on matters related to securities laws.

Involved fees earner: Carsten Berrar – Sullivan & Cromwell; Krystian Czerniecki – Sullivan & Cromwell; Clemens Rechberger – Sullivan & Cromwell; Michael Rosenthal – Sullivan & Cromwell; Konstantin Technau – Sullivan & Cromwell;

Law Firms: Sullivan & Cromwell;

Clients: TAG Immobilien AG;

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