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Immofinanz Acquires Romanian Property Developer
The Austrian real estate company buys the remaining stake for € 42.43m in order to become sole shareholder of Bucharest-based Adama.

The Immofinanz Group announced the signing of an agreement for the acquisition of the remaining 69.22% stake in Adama Holding Public Ltd. as of 16 June 2011. Immofinanz has held its investment in this leading South-East European residential property group since 2007 and will now become the sole shareholder. The purchase price for the stake totals € 42.43 million. The sellers include…
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