Australia shares steady ahead of bank earnings, budget; NZ higher
May 1Australian shares were flat on Monday as a weak performance on Wall Street checked demand ahead looming banking sector earnings and the Federal budget.
WARSAW/FRANFURT Feb 27 Poland-based Griffin Real Estate plans to sell part of its asset portfolio in an initial public offering (IPO) worth about 150 million euros ($159 million) to be announced within days, market sources said.
Griffin Real Estate invests in the commercial real estate market in Central and Eastern Europe. Its portfolio includes office buildings and shopping galleries in Poland's biggest towns.
Perhaps its most high-profile investment has been the restoration of the historic Koszyki Hall, a former city centre marketplace built in 1909. Griffin has transformed the property into an upmarket landmark with elegant restaurants, bars and office space.
"(The) IPO and a debut in Warsaw is being planned for a company carved out of Griffin Real Estate Group. It is about a portfolio of office and office-retail buildings," a source close to the transaction said.
Three other sources confirmed the news, saying the IPO would be valued at about 150 million euros.
Germany's Berenberg and Santander's BZ WBK are advising on the deal, sources said.
Griffin Real Estate declined to comment. ($1 = 0.9429 euros)
(Reporting by Alexander Huebner, Anna Koper, and Agnieszka Barteczko; Editing by David Goodman)
WASHINGTON, April 30 U.S. congressional negotiators have hammered out a bipartisan agreement on a spending package to keep the federal government funded through the end of the current fiscal year on Sept. 30, a senior congressional aide said on Sunday.