WCM Beteiligungs- und Grundbesitz-AG announced a private placement of 13,680,255 new bearer shares at a price of €4.95 per share for gross proceeds of €6,717,262 on May 31, 2021. The transaction will include participation from returning investor TLG IMMOBILIEN AG. Post the transaction, the investor will hold 94.94% stake in the company.

The transaction has been approved by the supervisory board of the company. The shares issued will be entitled to dividend.