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Summit Germany considers Frankfurt IPO of real estate subsidiary

German commercial real estate company Summit Germany Ltd. is considering a 2019 IPO of its subsidiary, Summit Luxco SARL, on the regulated market of the Frankfurt Stock Exchange.

Summit Luxco holds all of Summit Germany's real estate assets and property-management operations. The listing will allow shareholders to invest in the company's real estate business, and allow it to expand that business within Germany and across continental Europe, according to a release.

Summit Germany plans to keep its listing on the London Stock Exchange and remain a major shareholder of Summit Luxco should the IPO proceed.