UPDATE 1-German car rental group Sixt to float leasing unit

April 14, 2015 9:00 AM

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* Listing to take place by mid-May - source (Adds timing and valuation of IPO, Sixt share price)

FRANKFURT, April 14 (Reuters) - German car rental group Sixt announced plans on Tuesday to float its leasing unit on the Frankfurt stock exchange this year as it seeks to free up capital for its core business.

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