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28 May 2012

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Dutch ING REIM to be broken up, TPG said bidding

ING Real Estate Investment Management, the largest property investment manager in Europe with some E65bn AUM, now looks likely to be sold off in parts. Informed sources say private equity group TPG Capital, formerly known as Texas Pacific Group, is leading bidding, after New York investment firm KKR withdrew - and prior to that also CB Richard Ellis.

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