Oaktree and ECE completed the acquisition of Deutsche EuroShop for €2.9bn.

Oaktree, an investment firm, and ECE, a fund management company, completed the acquisition of Deutsche EuroShop, a German real estate investment firm, for €2.9bn ($3.06bn). Oaktree and ECE submit a voluntary public takeover offer for all outstanding shares of the company for $22.69 per share in cash. In addition, the shareholders of the company who accept the offer will receive the amount of the dividend to be paid for the financial year 2021 of probably $1.05 per share. The offer corresponds to a premium of 44%.