FRANKFURT, Jan 12 (Reuters) - German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in Germany, people close to the matter said.
The company is working with Morgan Stanley , BNP Paribas and Unicredit as bookrunners on the deal alongside global coordinators Deutsche Bank and Credit Suisse , the sources said. Instone and the banks declined to comment or were not immediately available for comment.
The transaction, which may value the company at 700 to 800million euros ($845-970 mln), joins Siemens' Healthineers unit and healthcare group Dermapharm, both of which plan to go public before Easter as well.($1 = 0.8243 euros)
(Reporting by Arno Schuetze and Alexander H? 1/4 bner; Editing by Georgina Prodhan)
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