Grouppe Caisse d'Epargne to sell EUR 800 mln German portfolio

Grouppe Caisse d'Epargne, a network of French savings banks, has announced it intends to sell the German retail portfolio it acquired in 2005 through its Curzon/Iris property investment unit for a total of EUR 800 mln. Bids for the portfolio are expected to be received within days, the Financial Times Deutschland reported.

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