Hogan Lovells advises COMMERZBANK AG on scrip dividend of TAG Immobilien AG

The shareholders' meeting of TAG Immobilien AG had resolved a dividend payment of EUR 0.40 per share on 16 May 2025. The shareholders were given the choice of receiving the dividend in cash or in a cash amount sufficient to pay their tax liability in respect of the dividend payment and in the form of shares of TAG Immobilien AG for the remainder of the dividend. To create the new shares, LEG Immobilien SE increased its share capital by making use of authorized capital. 

31.3 per cent of the shareholders opted for the shares so that EUR 15.4m remained with the company.

Hogan Lovells advised COMMERZBANK AG in its role as financial advisor and settlement agent on all issues concerning the structuring and execution of the transaction.

Hogan Lovells team for Commerzbank AG

Prof. Dr. Michael Schlitt (Partner, lead), Mark Devlin (Counsel), Dr. Susanne Ries, LL.M. (London) (Of Counsel), Simona Gradišek (Senior Business Lawyer) (all Corporate and Capital Markets, Frankfurt);

Alex Parkhouse (Partner, US law, London). 

In-house (Commerzbank AG, Frankfurt): Dr. Lisa Engelhardt