Starwood Capital Group has made an offer to acquire a 26% stake in listed Austrian real estate company CA Immobilien Anlagen (CA Immo).
The US investment group’s subsidiary SOF-11 Starlight plans to buy up to 25.7m shares of CA Immo in a voluntary public takeover offer.
The shareholders of CA Immo are being offered an offer price of €27.50 a share, less any dividend declared.
CA Immo shares on the Viennese stock exchange closed 2.6% higher at €27.24, valuing the company at €2.69bn.
SOF-11 Starlight said it has no plans to take full control of CA Immo with this takeover offer.
Responding to the offer, CA Immo, which specialises in office properties in Central European capitals, said it welcomes the interest demonstrated by Starwood Capital.
”Starwood Capital is a financial investor with an excellent reputation focussing on property investments,” CA Immo said.
CA Immo said it will “carefully assess the offer and, in line with legal obligations, provide a reasoned statement.”