Austria: Changes Ahead of Buwog’s IPO

Businessn.a. ♦ Published: February 14, 2014; 14:28 ♦ (Vindobona)

Buwog, residential builiding affiliate of real estate company Immofinanz, will be listed from April 28 on and is supposed to become a candidate for the leading Austrian index ATX at the Vienna Stock Exchange (VSE).

Austria: Changes Ahead of Buwog’s IPO / Picture: © BUWOG - Bauen und Wohnen Gesellschaft mbH

The real estate firm will go through a number of changes at it will be renamed, receive a new company logo and a new CFO. Buwog Group, which is the new label based on the example of parent company “Immofinanz Group”, will not only be listed at the Stock Exchange in Vienna but also in Frankfurt and Warsaw. However, before any modifications can be made, a three quarter majority vote…