VIENNA Austrian property group Immofinanz agreed on Monday to sell its 26 percent stake in rival CA Immo for $882 million to U.S. investor Starwood, drawing a line under a failed merger attempt.
* Aims to repurchase up to 9.7 mln outstanding shares
(Adds Starwood CEO, CA Immo reaction, trader)
VIENNA, July 2 Austrian property group
Immofinanz agreed to sell its nearly 26 percent stake
in rival CA Immo for 758 million euros ($882 million)
to U.S. investment firm Starwood, it said on Monday.