The sale of German real estate lender WestImmo sale is heating up, with second-round bids now in. On Friday, second-round bids were submitted for the Mainz-based bank, which is being sold by it sole shareholder, WestLB. Blackstone, Apollo, Aareal and Terra Firma are all thought to have submitted bids, according to those who track the market. Bernhard Kluge, a director at Citigroup in Frankfurt who is advising on the sale, declined to comment.
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