Patrizia, R+V, Last Bidders for LBBW Property, Handelsblatt Says

Patrizia Immobilien AG (P1Z) and R+V Versicherung’s GWG unit are the remaining bidders for 21,500 apartments of Landesbank Baden-Wuerttemberg, Handelsblatt reported today, without saying where it got the information.

The bidders must submit their final offers, which are likely to be between 1.2 billion euros ($1.6 billion) and 1.3 billion euros on Dec. 2, the newspaper reported.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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