News


Ad hoc report 11/19/2007

CA Immobilien Anlagen AG increases its shares in CA Immo International AG by up to 5%

• CA Immobilien Anlagen AG intends to increase its shares

Vienna, 19/11/2007. CA Immobilien Anlagen AG intends to increases its shares in CA Immo International AG from currently 51% of up to 5%. CA Immobilien Anlagen AG justified this with the currently extremely low price of CA Immo International share, which is around 20% below the current net asset value (NAV). The increase in the proportion of CA Immo International AG has thus increasing value to the net asset value of CA Immobilien Anlagen AG.

CA Immobilien Anlagen AG currently has about EUR 700 million in cash, plus debt financing there is a potential of about EUR 2 billion. Thereof only about EUR 25 million will be needed for the proposed increase so that the planned investment objectives can be swiftly implemented.

The CA Immo Group
CA Immo was founded in 1987 and has developed over the 20 years of its existence into one of the leading property investment companies in Austria. It invests in commercial property (offices, business hotels, shopping malls, logistics parks and warehouse areas). In order to be able to attract new investor groups, particularly institutional investors, while still retaining its profile for its private shareholders, who number about 22,000, CA Immo created a group structure in 2006: beneath CA Immo (quoted on the stock exchange since 1988), the company positioned CA Immo International, bundling the whole of the Group’s east and south-east European portfolio. Properties in Austria and Germany meanwhile remain in CA Immo. In addition, CA Immo New Europe was set up as a property fund for projects, and H1 Hotelfonds as a property fund in the hotel sector. CA Immo is traded on the Vienna Stock Exchange and currently has free float of approximately 90%.

Please address any further inquiries to:
CA Immobilien Anlagen AG
Mag. Wolfhard Fromwald
Mag. Claudia Hainz
Tel.: +43/1/532 59 07
Fax: +43/1/532 59 07-510
E-Mail: office@caimmoag.com
www.caimmoag.com

 


Monday, 19. November 2007 08:30