CA Immo

CA Immo logo

CA Immo or CA Immobilien Anlagen is an Austrian facility management and property development company specialising in letting city office facilities.[1][2] It operates in Central Europe. The company is based in Vienna with offices in Germany (Berlin, Frankfurt and Munich), and the respective capitals of Poland, Hungary, the Czech Republic and Romania.[3] As of October 2015, it is a member of the Austrian Traded Index (ATX), the index of the twenty largest companies traded on the Viennese stock exchange.[4]

The company was founded as part of the Creditanstalt-Bankverein, an Austrian commercial bank with close connections to the Austrian People’s Party; Immo is short for Immobilien, German for property. It is involved with a number of large and notable buildings, including Tower 185, the Skyline Plaza complex in Frankfurt and the Europacity complex in Berlin.[5][6] As of 2015, its largest shareholder was O1 Group, controlled by Russian property development billionaire Boris Mints and his son Dmitry.[7][8][9] It formerly owned a large logistics centre used by H&M, which it sold in September 2015, and a 50% stake in a business park near Warsaw airport.[10][11][12]

A longstanding goal of CA Immo has been to merge with or take over its fellow ATX member Immofinanz. Merger negotiations failed in 2014, as did an acrimonious takeover bid by CA Immo in spring 2015.[13][14][15][16] It has since expressed interest in resuming negotiations.[17][18]

References

  1. ↑ "CA Immo Bloomberg". Bloomberg. Retrieved 9 November 2015.
  2. ↑ "CA Immo English factsheet" (PDF). CA Immo. Retrieved 9 November 2015.
  3. ↑ "CA Immo website". CA Immo. Retrieved 9 November 2015.
  4. ↑ "ATX Beobachtungsliste 10.15" (PDF). Wiener Börse. Retrieved 8 November 2015.
  5. ↑ "CA Immo company slide presentation (English)" (PDF). Retrieved 9 November 2015.
  6. ↑ Fahmy, Dalia. "Scruffy Berlin Tops Munich in Offices". Bloomberg. Retrieved 15 November 2015.
  7. ↑ "Forbes Profile: Boris Mints". Forbes. Retrieved 9 November 2015.
  8. ↑ Weber, Alexander. "CA Immo, Immofinanz Cool Down Austrian Property Takeover". Bloomberg. Retrieved 9 November 2015.
  9. ↑ Khrennikov & Weber. "Dmitry Mints Says He Has No Plan to Combine CA Immo, Immofinanz". Bloomberg. Retrieved 13 November 2015.
  10. ↑ Nasralla & Thomas. "CA Immo boosts cash pile". Reuters. Retrieved 13 November 2015.
  11. ↑ Nasralla & Char. "CA Immo selling H&M's largest logistics centre". Reuters. Retrieved 13 November 2015.
  12. ↑ Murphy & Merriman. "CA Immo to sell stake in Polish business park". Reuters. Retrieved 13 November 2015.
  13. ↑ Weber, Alexander. "Immofinanz Seeks CA Immo Stake in $572 Million Counterbid". Bloomberg. Retrieved 13 November 2015.
  14. ↑ Shields & Potter. "3-Property battle between CA Immo, Immofinanz fizzles out". Reuters. Retrieved 9 November 2015.
  15. ↑ Ostrowski, Rafal. "CA Immo fails in Immofinanz takeover bid". Eurobuild. Retrieved 9 November 2015.
  16. ↑ Shields & Potter. "Immofinanz sues CA Immo". Reuters. Retrieved 13 November 2015.
  17. ↑ Nasralla & Strohecker. "CA Immo wants to keep Immofinanz stake, eyes merger". Reuters. Retrieved 13 November 2015.
  18. ↑ Nasralla, Shadia. "Immofinanz CEO does not rule out merger with rival CA Immo". Reuters. Retrieved 13 November 2015.

External links

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