Orco, M.Stanley fund buy German property firm GSG

27.04.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PARIS, April 27 (Reuters) - Property group ORCO has teamed up with a real estate fund of U.S. investment bank Morgan Stanley to buy Berlin...

...property company GSG in a deal worth around 400 million euros ($544.6 million).

ORCO, which has a stock market listing in Paris, announced the deal in a statement issued on Friday.

The French property sector has recently witnessed a series of merger and acquisition deals.

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