People

Buwog's Spin Off More Likely than IPO

Published: December 19, 2013; 19:24 · (Vindobona)

Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.

Buwog's Spin Off More Likely than IPO / Picture: © BUWOG - Bauen und Wohnen Gesellschaft mbH

Initially the deal was supposed to be closed still in 2013. CEO of Immofinanz, Eduard Zehetner, said on Thursday that Buwog’s becoming a dividend paying stock is “forseeable”.

Immofinanz plans on purchasing the so-called Baubecon portfolio, currently held by Solaia, a joint fund of Deutsche Bank’s Wealth Management, which holds 60 percent of the fund, and Italian real…

This article includes a total of 441 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Buwog's Spin Off More Likely than IPO

Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.