Immofinanz completes acquisition of investment of approx. 26 percent in CA Immo

Immofinanz has purchased 25,690,163 bearer shares of CA Immobilien Anlagen AG from Terim Limited (Cyprus) as well as four registered shares of CA Immo from O1 Group Limited (Cyprus). The package was purchased with EUR 604 million.

The acquisition, which was completed on 2 August 2016, represented an investment of approx. 26 percent in CA Immobilien Anlagen AG.

“We met all conditions precedent in the shortest possible period of time and obtained the necessary approvals from the antitrust authorities in six countries,” Oliver Schumy, CEO of Immofinanz said in a press release. “This acquisition creates the basis for the merger of these two companies into one of the leading property groups in Europe. Their portfolios complement each other extremely well, and we are expecting significant synergies and an increase in the attractiveness of the combined group for the capital market – and that will benefit the shareholders of both companies“, he added.

Immofinanz is a commercial real estate company whose activities are focused on the retail and office segments of eight core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The core business includes the management and development of properties. The company has a real estate portfolio of approx. EUR 5.5 billion that covers more than 380 properties. Immofinanz is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw.

Georgeta Gheorghe

Read more about

The Essential IT Services Every Business Needs (and How an MSP Can Help)

read more