GORE German Office Real Estate AG (MUN:GAG) agreed to acquire an 89.9% stake in PREOS Immobilien GmbH from PREOS Real Estate AG (XTRA:PAG) on July 14, 2020. The transaction will be by way of a non-cash capital increase, excluding shareholders' subscription rights, in return for the issue of new shares. The exchange ratio is 1,000:1, i.e. the PREOS receives 1,000 new shares in GORE for each share in PREOS Immo. The transaction was approved by the shareholders of Gore.

GORE German Office Real Estate AG (MUN:GAG) completed the acquisition of an 89.9% stake in PREOS Immobilien GmbH from PREOS Real Estate AG (XTRA:PAG) on July 17, 2020.