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28 May 2012

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Berlin GSW may raise up to E524m in IPO

Subscription opened on 26 April for shares in Germany's biggest real estate IPO in several years, Berlin's GSW housing group. It could raise nearly E456m from the market after GSW last week received final approval for full flotation from the city. With additional share allocation from owners Cerberus and Whitehall, full cash raise could reach E524m.

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