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28 May 2012

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Gagfah FFO falls as CEO is charged with insider trading

Germany's largest listed housing group Gagfah, controlled by giant US private equity group Fortress reported 2010 funds from operations of E170.6m, down from E190m in 2009, and a fractional net loss, compared to its E75m deficit in 2009. The City of Dresden may file a lawsuit against Gagfah today and CEO William Brennan is under suspicion of insider trading.

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