September 25, 2013 / 1:21 PM / 4 years ago

Immofinanz sees Buwog spin-off more likely than IPO

VIENNA, Sept 25 (Reuters) - Austrian property group Immofinanz is more likely to spin off its German and Austrian residential property unit Buwog than to list it as a separate company, its chief executive said.

“We see a spin-off as slightly more likely than an IPO,” Chief Executive Eduard Zehetner told analysts on a conference call on Wednesday.

Reporting by Georgina Prodhan; Editing by Michael Shields

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