DEUTSCHE BANK AG FRANKFURT (Reuters) - German real estate developer Aurelis has picked Deutsche Bank (>> Deutsche Bank AG) and UBS (>> UBS AG) as global coordinators tasked with organising a stock market listing that will likely take place after summer, two people familiar with the deal said.
The group, formerly a part of Deutsche Bahn, may sell shares worth roughly 500 million euros (368.41 million pounds) amid a flurry of deals in Germany's booming real estate sector.
The banks declined to comment on Wednesday, as did IPO advisory boutique VictoriaPartners, which is advising Aurelis on the listing. Aurelis's owner Grove was not immediately available for comment.
(Reporting by Arno Schuetze; Editing by Georgina Prodhan)
