Immofinanz AG (IMFI.VI)
19 Oct 2018
* Still expects 2018 FFO 1 of at least 115 mln eur (Adds detail, background)
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.
VIENNA U.S. investment firm Starwood Capital failed on Wednesday in its attempt to take major stakes in Austrian property groups CA Immo and Immofinanz , as shareholders bet a more lucrative deal could be secured.
VIENNA, June 6 U.S. investment firm Starwood Capital failed on Wednesday in its attempt to take major stakes in Austrian property groups CA Immo and Immofinanz , as shareholders bet a more lucrative deal could be secured.
May 24 Austrian property group CA Immo has decided not to take up a partial offer from the U.S. property investment firm Starwood Capital Group, the company said on Thursday.
* DGAP-NEWS: STATEMENT ON THE PARTIAL TAKEOVER OFFER BY STARWOOD CAPITAL: IMMOFINANZ EXECUTIVE BOARD RECOMMENDS NON-ACCEPTANCE