Immofinanz takes full ownership of SEE developer Adama

By A staff reporter 2011-06-17T00:00:00

Austrian listed group Immofinanz has signed an agreement to acquire the remaining 69.22% stake it did not already own in Southeast European residential developer Adama. The vendors include US-based hedge fund Tiger Global, Morgan Stanley, Lehman Brothers UK in administration and the founding shareholders. The transaction price amounts to EUR ...

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