http://www.bloomberg.com/news/2012-04-10/cerberus-pays-eu900-million-for-apartments-ftd-says-correct-.html
by Bloomberg By Sheenagh Matthews -
Apr 10, 2012 6:48 PM GMT+0800
(Corrects name of company from which apartments are being
purchased in first paragraph.)
Cerberus Capital Management LP is
to pay as much as 900 million euros ($1.18 billion) for 22,000
apartments in Germany formerly owned by the insolvent Speymill
Deutsche Immobilien Plc (SDIC)., Financial Times Deutschland reported,
without saying where it got the information.
Germany’s Federal Cartel Authority last week approved the
takeover by Cerberus, a New York-based private-equity firm,
together with real estate management company Corpus Sireo, the
German newspaper said.
Goldman Sachs (GS) Group Inc.’s Whitehall unit as well as
Blackstone Group LP (BX) and Morgan Stanley (MS) were also interested in
the apartments, FTD said.
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