Summit Germany, a UK-based property investor, has bought the 76% stake held by the Goldman Sachs Group in Deutsche Real Estate for EUR 40 mln. Bloomberg reported that Summit agreed to buy the stake at EUR 2.61 a share last Friday, a 19% discount to the closing share price of EUR 3.25 on 16 May. Following Shares of Summit rose 6 cents to EUR 1.43 in London, equalling its record. The stock has gained 43% since its initial public offering a year ago.
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