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MarketScreener Homepage  >  Equities  >  Xetra  >  LEG Immobilien AG    LEG   DE000LEG1110

LEG IMMOBILIEN AG

(LEG)
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German real estate companies LEG, TAG in merger talks

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05/22/2020 | 08:18am EDT

German real estate companies LEG Immobilien and TAG Immobilien are in talks about a potential combination of their businesses, LEG said on Friday.

LEG would offer TAG shareholders to exchange their shares for LEG stock, the group said in a statement.

"At this stage it is uncertain whether an agreement will be reached and whether a transaction will be announced," LEG added.

Shares in TAG were up 4.6% at 1205 GMT, while LEG shares were up 0.3%, paring most of their earlier gains.

Both companies are listed in German mid-cap index MDAX and have a combined market capitalisation of more than 10 billion euros.

(Reporting by Thomas Seythal; Editing by Maria Sheahan)

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 2.76% 5.96 Delayed Quote.8.36%
JUST GROUP PLC 2.25% 49.06 Delayed Quote.-37.90%
LEG IMMOBILIEN AG 0.51% 117.34 Delayed Quote.11.17%
MDAX 0.45% 26673.94 Delayed Quote.-5.79%
TAG IMMOBILIEN AG 0.00% 22.04 Delayed Quote.-0.54%
WILL GROUP, INC. -2.52% 618 End-of-day quote.-50.64%
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Latest news on LEG IMMOBILIEN AG
07/10LEG IMMOBILIEN AG : Release according to Article 40, Section 1 of the WpHG [the ..
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07/06LEG IMMOBILIEN AG : Notification and public disclosure of transactions by person..
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07/01LEG IMMOBILIEN : Goldman Sachs remains its Buy rating
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06/26LEG IMMOBILIEN AG : Release according to Article 41 of the WpHG [the German Secu..
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06/26LEG IMMOBILIEN : From a Buy to Neutral rating by Hauck & Aufhauser
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06/24LEG IMMOBILIEN : Not for release, publication or distribution, directly or indir..
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06/24LEG IMMOBILIEN : announces successful placement of new shares from a capital inc..
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06/23LEG IMMOBILIEN : to launch cash capital increase and to issue new convertible bo..
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06/23LEG IMMOBILIEN : Receives a Buy rating from UBS
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06/23LEG IMMOBILIEN : Berenberg keeps its Buy rating
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Financials
Sales 2020 627 M 708 M 708 M
Net income 2020 843 M 952 M 952 M
Net Debt 2020 5 196 M 5 871 M 5 871 M
P/E ratio 2020 9,90x
Yield 2020 3,20%
Capitalization 8 376 M 9 476 M 9 464 M
EV / Sales 2019
EV / Sales 2020 21,7x
Nbr of Employees 1 288
Free-Float 89,9%
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Technical analysis trends LEG IMMOBILIEN AG
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 122,38 €
Last Close Price 117,34 €
Spread / Highest target 24,4%
Spread / Average Target 4,29%
Spread / Lowest Target -16,5%
EPS Revisions
Managers
NameTitle
Lars von Lackum Chief Executive Officer
Michael Zimmer Chairman-Supervisory Board
Volker Wiegel Chief Operating Officer
Susanne Schröter-Crossan Chief Financial Officer
Stefan Jütte Vice Chairman-Supervisory Board
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