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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
German IVG to sell caverns into Special Funds unit for e1.7bn, participate
Bonn-based IVG, Germany's largest listed real estate company, is to sell 70 of its storage caverns for e1.7bn as a complete fund and invite in third party investors, also retaining the value-add potential for at least 60 additional caverns it will place into the vehicle.