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Terra Firma Real Estate Unit to Raise $1.5 Billion in I.P.O.

Terra Firm, the private equity firm run by Guy Hands, plans to raise as much as 1.1 billion euros ($1.5 billion) through the initial public offering of the German real estate company Deutsche Annington. The company set the indicative price range on Wednesday for the pending I.P.O., which would value Deutsche Annington at up to 4.3 billion euros. The shares are expected to start trading on July 3. Read more »