* Deal cuts commercial real estate portfolio by 16 pct FRANKFURT, June 11 (Reuters) - Commerzbank has sold 5.1 billion euros ($6.94 billion) in property assets in Spain, Japan and Portugal in a move to shed risky assets from its balance sheet in one of the biggest deals of its kind since Spain's 2008 real estate crash. The sale, code named "Project Octopus", positions Germany's second-largest ...
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