Immofinanz Starts Share Repurchase Program

Businessn.a. ♦ Published: November 9, 2010; 16:33 ♦ (Vindobona)

Immofinanz buys back shares to refinance its convertible bonds. The program´s volume is estimated to € 137m.

Immofinanz Starts Share Repurchase Program / Picture: © Immofinanz

The executive board of IMMOFINANZ AG has resolved to carry out a repurchase program of treasury shares based on the authorisation by the 17th ordinary shareholders’ meeting of September, 28. Share repurchases will be carried out either by Immofinanz AG or by Immoeast Beteiligungsverwaltung GmbH, which is a 100% subsidiary of Immofinanz AG.