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Deutsche Annington close to deal to buy Vitus: Bloomberg
December 10, 2013 / 7:15 AM / 4 years ago

Deutsche Annington close to deal to buy Vitus: Bloomberg

FRANKFURT (Reuters) - German property company Deutsche Annington ANNGn.DE is close to an agreement to buy Vitus Immobilien, a German residential landlord partly owned by Blackstone Group (BX.N), Bloomberg reported.

An announcement of exclusive talks between Deutsche Annington and Vitus’s owners may come as early as Tuesday, Bloomberg said in a report published late on Monday, citing three people familiar with the matter.

Sources had told Reuters in October that private equity investor Round Hill Capital was weighing its options to exit Vitus in what could become one of the largest real estate transactions in Germany this year.

The sources said at the time that Deutsche Annington, Gagfah GFJG.DE and TAG Immobilien (TEGG.DE) had been approached over a share deal.

Deutsche Annington was not immediately available for comment. (Reporting by Maria Sheahan; Editing by Mark Potter)

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