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13 February 2012

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Austria's troubled Immofinanz sells e130m in property to raise cash

Austria's hard-hit real estate company Immofinanz has sold some e130m in Viennese property, easing its financial situation and making progress on its restructuring program. "The deals are proof of the stable value of the Viennese real estate market and the high value of our properties," CEO Thomas Kleibl said.

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