German real estate group LEG picks banks for IPO: sources
FRANKFURT (Reuters) - German real estate group LEG is pressing ahead with the preparations for its initial public offering of shares and has mandated Goldman Sachs (GS.N) and Deutsche Bank (DBKGn.DE) 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.
(Reporting by Kathrin Jones, Arno Schuetze and Alexander Hübner)
NEW YORK - The Dow and the S&P 500 finished lower for the fourth consecutive session on Wednesday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus. | Video
- U.S. small businesses boosted borrowing in October to its highest level in over six years, an index showed on Tuesday, fresh evidence that the budget battle that shut the federal government for 16 days did little to derail underlying economic growth.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.