Bedrock Group signed an agreement to acquire 8% stake in TLG Immobilien AG (XTRA:TLG) from DIC Asset AG (XTRA:DIC) on December 6, 2018. In a related transaction, Ouram Holding S.Ã R.L. signed an agreement to acquire 6% stake in TLG Immobilien AG (XTRA:TLG) from DIC Asset AG (XTRA:DIC) on December 6, 2018. The total purchase price for both transactions has magnitude of approximately €376 million, the resulting substantial profit will go directly into the balance sheet profit of DIC Asset AG Group.

Closing of the transactions is expected to take place at the end of the first quarter/beginning of the second quarter 2019 at the latest. As of March 19, 2019, the transaction was expected to close by April 2019. Proceeds of the sale will be used for growth of business of DIC Asset AG.