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Failed Deutsche Annington’s IPO reveals fragility of investor confidence

Terra Firma’s decision to pull the plug on the flotation of Deutsche Annington Immobilien after a cornerstone investor fell away, bringing to an end the two-year investor confidence revival in the German multi-family sector.
By James Wallace
July 3, 2013 | 7:13 P.M.

Such was the concentration of Deutsche Annington’s order book that after one large investor fell away yesterday the IPO was pulled, according to Financial News, in a reminder of the fragility of Europe’s improving investor confidence.

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