Austrian giants to merge

The closing of the acquisition is subject to merger control clearance as well as the approval of the Immofinanz supervisory board and CA Immo’s management board for the transfer of the registered shares. It is expected to take place in summer 2016. Immofinanz has proposed that the acquisition of the CA Immo stake is the first step towards a planned full combination of Immofinanz and CA Immo by way of a statutory merger. Prior to the envisaged merger, Immofinanz is planning to demerge or sell its asset portfolio on the Russian market, which is characterised by different market dynamics and a higher risk profile. Russian burden “With the acquisition of the stake in CA Immo and the decision to dispose of our Russian portfolio we have now created the basis for this merger. The combined company will be a leading real estate company in Central and Eastern Europe. The portfolios of both companies are very complementary and we expect significant synergies from the transaction,&rd