German real estate company VIB Vermogen announced on Tuesday that it has boosted its stake in Burgerliches Brauhaus Immobilien (BBI) from 29% to 54,87%, making it BBI's majority shareholder. 'We were able to acquire the shares for a price considerably below the net asset value of EUR 14.68 per share on account of present market conditions,' CEO Ludwig Schlosser said. The company said it expected to make its offer for the remaining shares public at the end of January.
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