Gherkin co-owner to sell storage caverns

German property company IVG Immobilien plans to sell a network of salt caverns used for gas and oil storage, which has a potential value of €2.4bn ($3.4bn).

Following a review of its cashflow potential by accounting firm BDO International, IVG said it had hired an investment bank to put a value on it.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump