August 25, 2017 / 10:36 AM / a year ago

Austria's Immofinanz short-lists bidders for Moscow malls - sources

MOSCOW, Aug 25 (Reuters) - Austrian real estate company Immofinanz has drawn up a short list of 4-5 bidders for its five Moscow shopping centres, three sources familiar with the talks told Reuters.

Earlier this year, Immofinanz told shareholders it planned to complete the delayed sale or spin-off of its Russia portfolio by the year-end. The move is a precondition of its planned merger with rival CA Immo.

The sources, two real estate consultants and a person familiar with the process, did not give details about the short list.

Russian investment group O1 received an invitation from Immofinanz to tender, two sources told Reuters in June.

An Immofinanz spokeswoman declined to comment. Immofinanz will give an update on the issue when presenting its second quarter results at a news conference on Aug. 30, she said.

CBRE, which is acting as a consultant on the deal, declined to comment. (Reporting by Olga Sichkar; additional reporting by Kirsti Knolle in VIENNA; Writing by Katya Golubkova; Editing by Mark Potter)

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