UK's Vector Hospitality has called off its proposed £1.8 bn (EUR 2.65 bn) flotation, citing weak investor demand. Vector said late Wednesday that 'as a result of market conditions, its offer of ordinary shares has been postponed.' The company did not give an indication of when IPO will go ahead.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
