Deutsche Annington cap hike includes up to 11 mln existing shares

FRANKFURT, March 4 Tue Mar 4, 2014 12:56pm EST

FRANKFURT, March 4 (Reuters) - Real estate group Deutsche Annington said its capital increase, announced last week, would include up to 11 million existing shares from shareholders in addition to 16 million new shares.

The capital increase comes after the group last week announced that it was spending 2.4 billion euros ($3.30 billion)on German apartments to expand its presence in the north of the country.

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