Immofinanz, CA Immo to Merge After Their Rival Bids Failed

  • Companies revisit last year's hostile battle on friendly terms
  • Immofinanz to sell convertible bond, Russian assets for deal

Immofinanz AG and CA Immobilien Anlagen AG plan to merge in a transaction that would create the biggest commercial property group in central and eastern Europe, following a hostile takeover battle that ended without a deal last year.

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