'IVG chief Niesslein mulls capital raise'

German investor IVG is considering holding a capital raise to finance expansion, CEO Gerhard Niesslein said in an interview with Financial Times Deutschland at the EXPO REAL trade fair in Munich this week.

Niesslein stressed, however, that any capital increase would have to be linked to a firm growth strategy. The new capital could be used to finance attractive acquisitions in the UK, for example, he said.

Any capital raise would be held in the next two to three months at the earliest, finance chief Wolfgang Schäfers said in the same interview, adding that IVG hoped to have completed targeted sell-offs by then.