IVG Said to Tap Banks to Sell $3.4 Billion Property Business

  • Deutsche Bank, Goldman Sachs said mandated by German company
  • IVG cancelled attempt to sell Frankfurt's Squaire in January

IVG Immobilien AG, the German property company that was taken over by creditors including Cerberus Capital Management LP in 2014, is preparing to exit its main business of owning and managing offices, according to two people with knowledge of the plan.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.