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Deutsche Annington Investors Selling $880 Million Stake

Shareholders in Deutsche Annington Immobilien SE, Germany’s largest publicly traded owner of homes, are selling a stake in the company valued at 642 million euros ($880 million).

Monterey Holdings I S.a.r.l., which is owned by the Terra Firma Deutsche Annington Fund, and CPI Capital Partners Europe GP LLC are selling a 12.5 percent stake, or about 30 million shares, according to a statement yesterday. The shares are being offered at a range of 19 euros to the current market price, said two people with knowledge of the matter who asked not to be identified before the sale is completed.