Bank Austria ups interest in CA Immo to 17 percent
• Strategic interest successfully raised with the purchase of more than 4.4 million shares
• Existing participation rises from 10 to almost 17 percent after purchase offer
By means of a voluntary offer made in accordance with Section 4 ff of the Takeover Act, Bank Austria has increased its holding in CA Immobilien Anlagen AG ("CA Immo"). Over the offer period from 31 January to 16 February 2011 a total of 4.4 million shares in CA Immo were purchased at the offer price of 12.35 euros per share. This corresponds to an increase in the existing interest of Bank Austria in CA Immo from 10 percent to almost 17 percent. From Bank Austria's perspective this means the strategic participation in CA Immo has successfully been raised.
The takeover offer was originally for up to 29.99 percent, a third of which was used; Bank Austria, as the main shareholder, considers this to be a very positive signal from the market, verifying that the company still has potential to increase its value.
Enquiries: Bank Austria Press Office Austria