IVG secures EUR 910m equity for caverns vehicle

By A staff reporter 2008-11-18T00:00:00

German property giant IVG said it has raised EUR 910 mln from institutional investors for its new Caverns Fund. Back in September IVG announced it was selling 70 caverns, underground storage facilities for oil and gas, to the newly created Spezialfonds for EUR 1.7 bn.

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