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German real estate group LEG plans IPO - sources

Posted on 23 October 2012

German real estate group LEG is considering an initial public offering of shares in the coming months that could value the company at close to 5 billion euros ($6.54 billion), two people familiar with the situation told Reuters on Monday.
“Depending on the market climate, the second quarter of 2013 is certainly doable,” one source said, adding that banks would be selected for a stock exchange listing by the end of this year. Another said that an IPO first required a deal on refinancing the company’s debt………………………………………..Full Article: Source


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