CapitaLand and Lum Chang Holdings:
CapitaLand Commercial Trust will acquire an effective 94.9 per cent interest in the holding companies of Main Airport Center, a freehold office property in Frankfurt, Germany, for 133.4 million euros from its sponsor CapitaLand and Lum Chang Holdings, the manager of the mainboard-listed real estate investment trust said on Wednesday morning. Post-transaction, CapitaLand will hold a 5.1 per cent stake in the holding companies. On Tuesday, shares of CapitaLand were down two cents to S$3.
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