UPDATE 1-Germany's Gagfah in talks to poach rival's CEO

Tue Mar 12, 2013 1:40pm EDT

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* Gagfah in talks with GSW CEO Thomas Zinnoecker

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FRANKFURT, March 12 (Reuters) - Gagfah, a German real estate group owned by private equity investor Fortress , said it was negotiating to appoint as CEO Thomas Zinnoecker, currently head of rival GSW Immobilien.

"Gagfah is expecting these discussions to come to a successful conclusion shortly," it said on Tuesday, adding that acting Gagfah CEO Stephen Carlton was prepared to leave his post once a successor had been agreed.

Reuters had reported the talks earlier on Tuesday, citing two people familiar with the matter who declined to be identified.

GSW late on Monday said its CEO will leave the company on April 15. (Reporting By Kathrin Jones, Alexander Huebner and Peter Dinkloh; Writing by Edward Taylor and Peter Dinkloh; Editing by Ludwig Burger and Victoria Bryan)

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