Bloomberg News

Archon, Others Intend to Sell Up to 8.2 Million GSW Shares

October 12, 2011

Oct. 12 (Bloomberg) -- Archon Group Deutschland GmbH, an indirect subsidiary of Goldman Sachs, Lekkum Holding B.V. (funds advised by Cerberus Capital Management) and W2001 Capitol B.V. announced their intention to sell up to 8.2 million shares in GSW Immobilien AG by way of an accelerated bookbuilt offering to institutional investors, Goldman Sachs said in an e-mailed statement today.

Archon Group, Lekkum and W2001 Capitol have agreed to a 90- day lock-up period on their remaining share position., the statement said, adding that bookbuilding will commence immediately and will be managed by Deutsche Bank AG and Goldman Sachs International as joint bookrunners.

To contact the editor responsible for this story: Rajiv Sekhri at

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