Immoeast scraps EUR 2b pipeline to calm investors

By A staff reporter 2008-09-22T00:00:00

Austrian investor Immofinanz and its 54%-controlled unit Immoeast said on Friday that they are taking 'comprehensive measures' to secure liquidity and reduce costs in an attempt to reassure investors and stabilise their share price. Immoeast and Immofinanz stocks suffered heavy losses on Thursday, closing at an historical low of EUR ...

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