Bank Austria Takes Over Immobilien Holding from Immobilien Privatstiftung

Published: July 25, 2014; 15:03 · (Vindobona)

UniCredit Bank Austria AG intends to buy Immobilien Holding GmbH/Group, which has so far been wholly owned by Immobilien Privatstiftung. The purchase agreement has been signed today, subject to consent by the Bank Austria supervisory board and subject to approval by the Austrian competition authorities. The purchase price will not be disclosed.

Bank Austria Takes Over Immobilien Holding from Immobilien Privatstiftung / Picture: © Wikipedia / Werckmeister

The profit- and liquidation-sharing rights in Immobilien Holding GmbH which Bank Austria has held so far will be extinguished as part of the transaction.

The parties to the agreement have agreed not to disclose further details or the purchase price.

In 1999, Bank Austria transferred a substantial portion of its holdings in real estate to Immobilien Holding GmbH (a…

This article includes a total of 175 words.

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