Pirelli RE to raise stake in Germany's DGAG

Pirelli RE has completed the purchase of 96.83% of Deutsche Grundvermoegen (DGAG), and said it intends to buy a further 2.54% in the German company, through an agreement with the entrepreneurs Abert Buell and Cornelius Liedtke. The total investment by Pirelli in the property group comes to EUR 465 mln.

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