SC round-up: Dresdner’s retail leaseback

COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com

By:
Published on:

Dresdner Bank has sent out a request for proposals for a sale and leaseback of its retail banking network in Germany. The deal involves some 300 banks and will raise an estimated €2 billion. In mid-December four buyers were left in the auction process – Babcock and Brown, Carlyle, Citigroup Property Investment and Fortress.