Immofinanz Postpones Buwog’s Going Public

Professional ServicesReal Estate ♦ Published: July 24, 2013; 17:30 ♦ (Vindobona)

Austrian real estate company Immofinanz has put off the initial public offering of its affiliate Buwog. The reason for the postponement is the unstable market environment. The new date for an IPO is 2014.

Immofinanz Postpones Buwog’s Going Public / Picture: © Immofinanz

Because of market uncertainties, Immofinanz postpones the going public of its residential properties affiliate Buwog at the stock exchange in Frankfurt, Germany, which was planned in November. Spokeswoman for Immofinanz Bettina Schragl confirmed that an IPO in 2013 was unlikely and 2014 was now focused on after Bloomberg reported about the postponement on Wednesday. The rescheduling of…