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28 May 2012

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Corporate raider likely to extend IVG shareholding

One of Germany's better known corporate raiders, Clemens Vedder, says he still intends to expand his shareholding in German listed property group IVG, particularly if the share price falls back. Vedder, a major IVG shareholder last decade, heads the Cayman Islands-based hedge fund Goldsmith Capital, which in 2008 re-invested in just over 3% of IVG.

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