Consus Real Estate AG (XTRA:CC1) signed an agreement in principle to acquire the remaining 25% stake in Consus RE AG from Christoph Groner for approximately €150 million on May 11, 2020. Under the terms of the transaction, Consus Real Estate will pay €27.5 million in cash and will issue 24.75 million of its shares. The consideration is subject to certain steps. Following the transaction, Consus RE AG will be converted to a limited liability company (GmbH). Christoph Gröner will resign as a supervisory board member of Consus RE. The transaction is expected to close not later than third quarter of 2020. Consus Real Estate AG (XTRA:CC1) completed the acquisition of the remaining 25% stake in Consus RE AG from Christoph Groner on July 9, 2020. Following completion, Consus RE is a wholly-owned subsidiary of Consus Real Estate AG. The integration is expected to be completed in third quarter of 2020.