Banimmo Drops Most in 7 Years on Profit Warning, No Payout

  • Property developer cites problems with Verviers mall project
  • KBC cuts rating to `hold' from `buy' and lowers target price

Banimmo SA plunged the most in more than seven years after saying its 2015 result would be “significantly negative” and scrapping plans to renew dividend payments due to problems at a shopping-mall project in eastern Belgium.

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