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Deutsche Annington seeks to buy Gagfah in 3.9b euro deal

Germany's biggest-ever real estate acquisition will cement former as country's largest residential landlord

Frankfurt

DEUTSCHE Annington Immobilien SE offered to buy competitor Gagfah SA in a 3.9 billion euro (S$6.4 billion) deal that would be Germany's biggest-ever real estate acquisition. Gagfah shares rose the most since March 2012.

Deutsche Annington, based in Bochum, offered five