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LEG Immobilien Confirms Merger Talks With TAG Immobilien

LEG Immobilien AG, a German property company, confirmed Friday that it is in talks with TAG Immobilien regarding a potential merger of their businesses.

LEG said it will offer to the TAG shareholders to exchange their shares into LEG shares.

At present, it is uncertain whether an agreement will be reached and whether a transaction will be announced, LEG Immobilien said in a statement.

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