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BA-CA to sell profit participation rights in Immobilien-Holding

  • Highest-bidder procedure open to national and international investors alike
  • Deloitte engaged with handling sales process

Bank Austria Creditanstalt (BA-CA) has reached a decision in principle to sell its profit participation rights in the Austrian firm Immobilien Holding GmbH. The profit participation rights of BA-CA and the interests in Immobilien Holding of the Immobilien Private Foundation are to be sold in a coordinated process.

By means of its profit participation rights in Immobilien Holding, BA-CA shares in the revenue of the real estate portfolio of the Immobilien Private Foundation. Corporate strategy considerations have prompted the sale of the profit participation rights, as BA-CA wants to focus more on its core business going forward. The anticipated proceeds will strengthen equity capital and thus contribute towards the financing of continued growth in the banking business.

Immobilien Holding is wholly-owned by the Immobilien Private Foundation. The appealing portfolio with 84 existing properties and 19 development projects as well as the encouraging development of business at Immobilien Holding has recently enabled BA-CA to enjoy an attractive return from the profit participation rights. This is why BA-CA also expects to generate significant revenue from the sale of the rights. The rights shall be sold in a highest-bidder procedure, open to both national and international parties. The whole process will be structured and accompanied by the international advisory firm Deloitte Corporate Finance. Legal advice and legal matters will be handled by Grohs Hofer Rechtsanwälte GmbH.

Under this highest-bidder procedure, potential investors from Austria and around the world are invited to make a non-binding offer by the beginning of April if they are interested, based on which a shortlist of potential parties will be drawn up. This group of selected bidders will receive an opportunity to conduct a technical and legal due diligence before submitting their binding offers. A decision on the winning bid should be made by the end of June.

Enquiries: Bank Austria Creditanstalt Press Office Austria
Martin Halama, Tel. +43 (0)5 05 05 Ext. 52371;
E-Mail: martin.halama@ba-ca.com