Immofinanz

Immofinanz logo

Immofinanz AG is an Austrian property development company based in Vienna that operates in Eastern and Central Europe. 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.[1] 'Immo' is short for Immobilien, German for property. The company has a headquarters in Vienna with offices in Cologne and the respective capitals of the Czech Republic, Poland, Romania, Russia and Slovakia.[2] In Poland the company operates a number of shopping centres under the brand 'VIVO!'.[3]

The company formerly owned a large number of logistics facilities, which it sold in 2015 to Blackstone Group.[4][5]

Immofinanz has been involved in a series of negotiations regarding a takeover or merger with its fellow ATX member CA Immo, also a property development company.[6][7][8] Merger negotiations failed in 2014, as did an acrimonious takeover bid by CA Immo in spring 2015.[9][10][11][12] It has since expressed interest in resuming negotiations.[13][14]

References

  1. ↑ "ATX Beobachtungsliste 10.15" (PDF). Wiener Börse. Retrieved 8 November 2015.
  2. ↑ "List of offices". Immofinanz. Retrieved 15 November 2015.
  3. ↑ "Immofinanz opens further VIVO! shopping centre". Property Magazine. Retrieved 15 November 2015.
  4. ↑ "Austria's Immofinanz sells logistics portfolio to Blackstone". Reuters. Retrieved 15 November 2015.
  5. ↑ "Forbes Profile: Boris Mints". Forbes. Retrieved 9 November 2015.
  6. ↑ Weber, Alexander. "CA Immo, Immofinanz Cool Down Austrian Property Takeover". Bloomberg. Retrieved 9 November 2015.
  7. ↑ Khrennikov & Weber. "Dmitry Mints Says He Has No Plan to Combine CA Immo, Immofinanz". Bloomberg. Retrieved 13 November 2015.
  8. ↑ Weber, Alexander. "Immofinanz Seeks CA Immo Stake in $572 Million Counterbid". Bloomberg. Retrieved 13 November 2015.
  9. ↑ Shields & Potter. "3-Property battle between CA Immo, Immofinanz fizzles out". Reuters. Retrieved 9 November 2015.
  10. ↑ Ostrowski, Rafal. "CA Immo fails in Immofinanz takeover bid". Eurobuild. Retrieved 9 November 2015.
  11. ↑ Shields & Potter. "Immofinanz sues CA Immo". Reuters. Retrieved 13 November 2015.
  12. ↑ Nasralla & Strohecker. "CA Immo wants to keep Immofinanz stake, eyes merger". Reuters. Retrieved 13 November 2015.
  13. ↑ Nasralla, Shadia. "Immofinanz CEO does not rule out merger with rival CA Immo". Reuters. Retrieved 13 November 2015.

External links

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