Immoeast takes over Constantia property arm for EUR 440m

By A staff reporter 2008-07-01T00:00:00

Austrian property company Immoeast and its parent company Immofinanz said on Monday they plan to jointly purchase the real estate division of Constantia Privatbank for EUR 440mln. Under the deal, Immoeast will pay Constantia EUR 264mln for a 60% stake in the unit, with Immofinanz paying EUR 176mln for the ...

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