BERLIN/FRANKFURT Nov 19 The sale of German TLG
Immobilien's commercial property unit will likely be wrapped up
by year-end, two sources told Reuters on Monday after TAG
Immobilien said it would buy the residential arm of
the state-owned firm.
"Talks are on a good path," said a financial source. A
government source added that the sale of TLG's commercial
properties had not yet been decided.
Separately the German finance ministry said the sale of TLG
Immobilien was in its final phase and that the sale was expected
to be completed in the coming weeks.
Earlier, TAG Immobilien said it would buy TLG Wohnen GmbH
for 471 million euros ($598 million) including debt.
(Reporting by Klaus Lauer and Alexander Huebner, writing by