As the huge conglomerates that have long dominated Germany’s economy transform themselves into sleek, focused businesses, a procession of corporate assets has come to the market place. Many have been sold to trade buyers, others to private equity Firms. But the preferred route for many big companies is to disentangle themselves by spinning off units as a separate company and listing them through an IPO.
That should create a steady stream of business for equity capital markets bankers.
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