CA Immo: „Bid of UniCredit too low“
Published: January 30, 2011; 00:01 · (Vindobona)
UniCredit intends to increase its stake on the Austrian CA Immo up to 29%. The board regards the bid of € 12.35 per share as being “too low”.
CA Immo: „Bid of UniCredit too low“ / Picture: © Vindobona.org
Currently, the Italian UniCredit holds a stake of 11.9% on the Austrian real estate company CA Immo. The stake is to increase up to 29%. UniCredit´s bid amounts to € 12.35 per share. However, the supervisory board and the executive board of CA Immo state that the bid is below the NAV by 31.2%. The NAV by the end of September 2010 was 17.96 per share. What is more, UniCredit´s bid is…
Fast News Search