Terra Firma's Deutsche Annington aims for 2013 IPO

Company CFO Stefan Kirsten told Reuters the final quarter of 2013 would be the earliest possible time frame to list the firm.

Terra Firma bought the firm in February 2011 for around €2bn, including an €833m debt package provided by KfW and Landesbank Hessen-Thüringen Girozentrale.

The company took its initial step towards an IPO by agreeing to the final terms for the refinancing of its German Residential Asset Note Distributor securitisation, say reports. In July this year, Terra Firma agreed to a refinancing deal that included a €500m equity injection provided by the GP.

Deutsche Annington holds a commercial and residential real estate portfolio of 180,000 houses and apartments in Germany.

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• Topics
• DACH
• Terra Firma
• Germany