Vienna-listed Immofinanz has started trading its shares on Warsaw Stock Exchange (WSE) in a double listing process.
Vienna-listed Immofinanz has started trading its shares on Warsaw Stock Exchange (WSE) in a double listing process.
No extra shares were issued for the second listing by Austria's largest real estate company.
The shares will be listed in the WIG Index (ticker symbol: IIAAV) starting on 21 June. The WSE listing will make it easier for Polish investors, and pension funds in particular, to invest in the company.
The company’s shares are now traded on the two most important stock exchanges in the CEE region - Vienna and Warsaw - and are among the most liquid real estate stocks in the region, Immofinanz said in a statement.
The Erste Group serves as the market maker for Immofinanz on the WSE. Several road show meetings are scheduled with institutional investors in Poland in the coming days.
'This listing in Warsaw underscores our commitment to the CEE region. Immofinanz is an East European real estate company,' said Immofinanz CEO Eduard Zehetner. 'Our portfolio has a total carrying amount of €10.5 bn, which is located in nearly equal parts in Eastern and Western Europe. We now earn substantially more in Eastern Europe than in the west'.
