(Bloomberg) U.S. hedge funds may sell stakes in office landlord IVG Immobilien AG in the second half as a turnaround of the once-struggling German company nears completion, people with knowledge of the matter said.
The funds are most likely to sell IVG’s main property business in a public offering, said the people, who asked not to be identified because the information is private. No final decision has been made on the exact timing and whether the owners will choose a listing over a private sale, the people said. The unit owns more than 3 billion euros ($3.4 billion) of German commercial buildings.
