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28 May 2012

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Austria's CA Immo wins Europolis with E272m bid

Austrian listed property group CA Immobilien has agreed to acquired the investment and asset manager Europolis for E272m from the Austrian cooperative banking group VBAG. Europolis has a property portfolio of E1.5bn, focused on eastern and southeast Europe. The portfolio focuses core CEE markets and will boost assets to about E5bn from E3.6bn now.

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