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28 May 2012

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Immofinanz-Immoeast merger effective 29 April

Next Monday, 29 April, is the date confirmed by the Commercial Court Vienna as the official registration for merging the two real estate firms Immoeast and Immofinanz. The combined firm will have a portfolio, heavily weighted toward eastern Europe, of E15.3bn. The merger entails a Immofinanz capital increase of E589m through the issuance of 567m in stock to shareholders of Immoeast at a rate of 3:2. (See upcoming PIE Editions for full story)

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