CA Immo :
* When asked about potential share exchange ratio for planned merger with Immofinanz, CA Immo CEO Frank Nickel says, referring to CA Immo’s H1 results: “What we presented today certainly does not lead to our self-confidence having suffered,” but declines to provide details
* CA Immo EPRA net asset value (NAV) per share 25.68 eur at end-June vs Immofinanz’s 3.39 eur at end-April
* CEO says first talks for merger with Immofinanz in the beginning of September
* CFO says hopes can announce news on office acquisition in CEE soon
* CEO says sees no big impact yet from Brexit on demand in Germany
* CEO says sees partial overheating in urban German residential market, sees bubble developing
* CEO says has no preference about spin-off or sale of Immofinanz Russia portfolio
* CFO Florian Nowotny tells Reuters merger with Immofinanz “not without alternative for our shareholders”, CA Immo has strong stand-alone case also
* CFO says still realistic to expect a vote on the merger with Immofinanz at the shareholder meeting in H2 2017.
Recent Articles on M&A
Source: Reuters.com
