CPI Group revealed last week that it is in an advanced stage of negotiations concerning a potential equity investment by Apollo Funds into its subsidiary GSG Berlin. The idea is that it would carry out a subscription of common shares for a total value of up to €450 million. No decision to move forward with the deal has been made at present, as this apparently depends on the transaction documents being reviewed by various third parties, including rating agencies.
GSG Berlin owns a portfolio of office buildings in the German capital. “We understand these actions to be another step on . . .
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