Skadden is advising JP Morgan Securities plc as global coordinator and joint bookrunner, together with Barclays Bank PLC, Morgan Stanley Bank AG and Société Générale as joint bookrunners, in connection with a €2.25 billion capital increase of Deutsche Annington, announced July 7. This transaction is the largest equity offering by a German corporation since 2011, and the largest-ever rights issue in the real estate sector in Europe of a company with a majority-held free float.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates