Terra Firma gives direct holding

Private equity company Terra Firma plans to give investors in its Terra Firma Deutsche Annington Fund (TFDA) a direct shareholding in German real estate group Deutsche Annington, the firm revealed yesterday. “This will result in TFDA’s investors having direct ownership of Deutsche Annington Ordinary shares, pro rata to their interests in TFDA,” Terra Firma stated. The fund was set up in 2006 to hold a majority interest in Deutsche Annington.