German real estate group LEG picks banks for IPO - sources
FRANKFURT Dec 5 (Reuters) - German real estate group LEG is pressing ahead with the preparations for its initial public offering of shares and has mandated Goldman Sachs and Deutsche Bank as advisors, two people familiar with the situation told Reuters.
The IPO, which could value the company at close to 5 billion euros ($6.54 billion), is planned for the first quarter of next year if markets remain stable, they added.
A so-called intention to float, which is usually issued four weeks ahead of the listing, may be put out in January or February, the people said.
- Pope attacks mega-salaries and wealth gap in peace message
- Atheists face death in 13 countries, global discrimination: study
- South Africa admits mistake over 'schizophrenic' Mandela signer |
- Thai military heads agree to meet protest leader at weekend |
- Missouri executes man for killing good Samaritan motorist in 1994