Deutsche Bank said on Tuesday that shares in German real estate group Gagfah put up for sale by Private equity firm Fortress Investment Group LLC were priced at 12.34 euros apiece. That values Fortress Investment Group's stake of about 28 percent at 740 million euros ($1.01 billion).The share placement was organised by Deutsche Bank.Reuters earlier reported the price. ($1 = 0.7345 Euros)
Fortress Investment Group LLC (Fortress), is a global investment management firm. Shares of FIG traded higher by 1.81% or $0.14/share to $7.86. In the past year, the shares have traded as low as $6.27 and as high as $9.16. On average, 2449800 shares of FIG exchange hands on a given day and today's volume is recorded at 2048715.
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