IVG Said to Plan $1 Billion IPO With Bank of America, Berenberg

  • Kempen is also said to be working on IPO of property unit
  • Listing of property business may happen as early as September

IVG Immobilien AG, the German company taken over by creditors two years ago, is planning an initial public offering of its office property unit that could raise as much as 900 million euros ($1 billion), said people familiar with the matter.

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