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Immofinanz AG (IMFI.VI)

IMFI.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Immofinanz sells 18.5 mln Buwog shares to SAPINDA
Thursday, 9 Jun 2016 02:17am EDT 

Immofinanz AG : Sells 18.5 million Buwog shares to the strategic investor SAPINDA . Price of 19.00 euros ($21.65) per share - for a total of approx. 352 million euros - is 3.5 pct higher than Wednesday's closing price of 18.36 euros . Proceeds from sale will be used to finance acquisition of a 26 pct stake in CA Immobilien Anlagen AG . Sale reduces Buwog shares held by Immofinanz by approx. 18.5 percentage points to roughly 10 pct .Approx. 10 million remaining Buwog shares are intended to proportionally service convertible bonds issued by Immofinanz.  Full Article

Immofinanz office portfolio occupancy up at nearly 82 pct by end of 2015/16
Monday, 9 May 2016 04:19am EDT 

Immofinanz AG : Raised occupancy level in its office standing investments by roughly seven percentage points to nearly 82 pct by end of 2015/16 financial year .Rentals in office segment totalled approx. 388,000 sqm, or 29 pct of total area, according to preliminary numbers.  Full Article

Immofinanz to acquire 25,690,163 bearer shares and 4 registered shares in CA Immobilien Anlagen
Monday, 18 Apr 2016 01:57am EDT 

Immofinanz AG:Announces the acquisition of 25,690,163 bearer shares and 4 registered shares in CA Immobilien Anlagen AG.Purchase price amounts to 23.50 euros per share.Total value of transaction is approx. 604 million euros which is intended to be funded with additional debt and issuance of a convertible bond.Acquisition of the CA Immo stake is a first step towards a planned full combination of IMMOFINANZ and CA Immo by way of a statutory merger.  Full Article

Immofinanz says Stefan Schoenauer appointed Chief Financial Officer
Friday, 11 Mar 2016 05:22am EST 

Immofinanz AG:Appointed Stefan Schoenauer as Chief Financial Officer for a period of three years, effectively immediately.He succeeds Birgit Noggler, who resigned from the Executive Board at her own request as of Feb. 19.  Full Article

Immofinanz says sells 10 pct stake in Buwog for 171 mln euros
Wednesday, 9 Mar 2016 05:14pm EST 

Immofinanz AG:Announces successful placement of 10 million ordinary shares in BUWOG AG.Placing Shares represent approx. 10 pct of the Company's issued share capital.Selling price was equal to 17.1 euros per share.This generated total gross proceeds to IMMOFINANZ of approx. 171 million euros.Transaction is expected to settle on 14 March.  Full Article

Immofinanz CFO Birgit Noggler to resign prematurely from the Executive Board
Friday, 19 Feb 2016 03:33am EST 

Immofinanz AG:CFO Birgit Noggler to resign prematurely from the Executive Board.Supervisory Board will take the necessary decisions for succession planning on a timely basis.  Full Article

Immofinanz announces dividend of EUR 0.06 per share for each of 2015/16 and 2016 financial years
Tuesday, 2 Feb 2016 02:25am EST 

Immofinanz AG:Ordinary dividend of 0.06 euros per share for each of the 2015/16 and 2016 financial years.  Full Article

Immofinanz says Uniper to occupy approx. 28,000 sqm in the FLOAT office complex
Monday, 11 Jan 2016 04:15am EST 

Immofinanz AG:Uniper to occupy approx. 28,000 sqm in the FLOAT office complex.  Full Article

Immofinanz offers to settle with hundreds more investors
Wednesday, 18 Nov 2015 04:13am EST 

Immofinanz AG:Further settlement offer for approx. 420 investor proceedings.Original claims totalled approx. 39 million euros, and settlement will amount to nearly 11 million euros.Investors represented by three law firms will receive an offer for an appropriate payment in coming weeks.  Full Article

Immofinanz ends major part of legal proceedings by investors
Monday, 2 Nov 2015 11:28am EST 

Immofinanz AG:To pay more than 60 million euros for an out-of-court solution with more than 3,000 investors represented by Advofin.Settlement also covers most of the more than 500 legal proceedings by investors that are currently pending against IMMOFINANZ AG and the former IMMOEAST AG (now IMBEA), which originated in the years prior to 2009.Of the value in dispute totalling approx. 240 million euros, approx. 217 million euros are attributable to proceedings represented by Advofin.Is also working to reach a timely out-of-court settlement for the rest of the pending proceedings filed by investors.Recognition of a low double-digit million Euro provision for the remaining expenses can be expected in the half-year report for the 2015/16 financial year.  Full Article

UPDATE 1-Sapinda set to sell newly acquired 19 pct Buwog stake at profit

* Bookrunner Goldman Sachs says Sapinda Investment intends to sell up to 18.5 million shares in Austrian real estate group Buwog, representing around 18.6 percent of Buwog's share capital