Immofinanz to buy stake in CA Immobilien Anlagen

The management and supervisory board of Immofinanz have decided to submit an offer to acquire a 29 percent stake in CA Immobilien Anlagen AG at €18.5 per share, the company announced. "The figure reflects some 28.7 million of CA Immo shares," the statement reads. "CA Immo fits perfectly to Immofinanz in the context of key markets and asset classes. Many years of experience in CEE allows us  to support the board in planned development in the region," said Eduard Zehetner, CEO of Immofinanz. The Immofinanz offer also includes the possibility of purchasing the stake owned currently by O1. Immofinanz Group is a real estate company listed on the leading ATX index of the Vienna Stock Exchange as well as on the Warsaw Stock Exchange.