VIENNA Feb 13 Austrian property group
Immofinanz aims to list its Buwog residential unit on
Frankfurt's mid-cap MDAX segment, its chief executive
said on Thursday.
Immofinanz said late on Wednesday it would spin off an
initial 51 percent of Buwog to existing shareholders to separate
its more conservative portfolio of German and Austria homes from
its eastern European commercial assets.
"We'll have to see where we fit by revenue and size. We'd
like to be where our peers are. Of course, we would like to be
in the MDAX," Eduard Zehetner told a news conference.
Buwog's net asset value is 1.6 billion euros ($2.2 billion),
($1 = 0.7359 euros)
(Reporting by Georgina Prodhan; Editing by Michael Shields)