Pirelli Real Estate, Italy's largest property manager, is in talks to buy an unnamed German company to increase its managed assets outside its home market. Ceo Carlo Puri Negri said on Thursday at a conference in Milan that the target is 'slightly bigger' than Deutsche Grundvermoegen (DGAG), which Pirelli RE took over last year for EUR 462 mln. Last March, Pirelli announced its foreign assets will increase in 2007 from 14% to 25% of the total assets under management.
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