FRANKFURT, March 20 The creditors and
shareholders of Germany's IVG Immobilien, the co-owner
of London's landmark "Gherkin" tower, have approved the proposed
debt-for-equity swap that will put the real estate firm in the
hands of its creditors.
Creditors approved the plan with 99.5 percent of votes,
while shareholders approved it with a 56.9 percent majority, the
company said on Thursday.
It added the company expects the insolvency proceedings to
be lifted in the third quarter of this year.
(Reporting by Ludwig Burger; Editing by Maria Sheahan)