Big deals are still a go - if the price is right

By A staff reporter 2008-07-25T00:00:00

When Germany's largest state, North Rhine-Westphalia, sold its residential property company Landesentwicklungsgesellschaft NRW (LEG) to Goldman Sachs' Whitehall Funds in June for about EUR 3.4bn, it sent a signal to the market that big deals can still be pushed through in the current climate - if the price is right.

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