WestImmo sale date could be pushed back

Disappointingly low bids for WestImmo are being used to try to push back the date by which it’s supposed to be sold off. WestLB originally had until the end of the year to complete the sale, but having received what it described as disappointingly low bids (reportedly from Aareal and Apollo Management), it has asked the German government to file for an extension with the European Commission.

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