CPI Property Mulls Quitting Berlin Stake-Sale Talks With Apollo

CPI Property Group SA is considering the benefits of scrapping a potential deal to sell an equity stake in a German unit to funds managed by Apollo Global Management Inc.

“We have to decide if we actually need to do it and want to do it at this point,” CPIPG Chief Executive Officer David Greenbaum said in an interview in London, following a bond sale on Tuesday.

Greenbaum, who took over as CEO of the East European landlord owned by Czech real estate billionaire Radovan Vitekfive months ago, is seeking to convince credit rating companies CPIPG should keep its ...