Deals
Dmitry Mints Says He Has No Plan to Combine CA Immo, Immofinanz
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Dmitry Mints, who runs the property holdings of his billionaire father Boris, says he has no plan to merge Austrian property companies Immofinanz AG and CA Immobilien Anlagen AG after building up stakes in both.
Immofinanz, the larger of the two, first needs to concentrate on improving its profitability by reorganizing assets, Mints said in an interview Saturday in Moscow. Boris Mints’s O1 Group Ltd. made a bid with CA Immo last month to buy 13.5 percent of Immofinanz AG, which would add to an existing joint stake of 4 percent.