Goldman Sachs to place up to 15.2 mln LEG Immobilien shares

FRANKFURT Wed Jan 22, 2014 12:09pm EST

FRANKFURT Jan 22 (Reuters) - Saturea BV, a company owned by Goldman Sachs, intends to place as much as 15.2 million shares in German real estate group LEG Immobilien AG.

The stake, which will be placed via an accelerated bookbuilding with institutional investors, represents 28.65 percent of LEG's outstanding shares, Goldman Sachs said in a statement on Wednesday.