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German property group GSW plans IPO in Q2

Posted on 22 March 2011

German property group GSW said it planned to float shares on the stock exchange in the second quarter, taking a second stab at a public listing. GSW said late on Monday it plans to use proceeds from the issue, in which it aims to list shares both in Frankfurt and Berlin, to finance purchases of apartments in Berlin as well as to pay off taxes.
The announcement comes only hours after the owners of Hapag-Lloyd postponed a decision on floating the container shipping group, citing an uncertain market environment after a Japanese nuclear crisis added to existing concerns about unrest in the Middle East, roiling stock markets……………………………………….Full Article: Source


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