Deals

Austrian $8.4 Billion Property Battle Roughed Up by New Player

  • Aggregate is targeting landlords S Immo, Immofinanz, CA Immo
  • Deals may start new attempt to consolidate three companies

Austria, Vienna.

Photographer: Benjamin Rottenanger/Getty Images

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A decade-old takeover drama over the three biggest Vienna-listed real estate companies is getting new momentum after Aggregate Holdings SA entered the stage with surprise deals that could hand it stakes in S Immo AG, Immofinanz AG and CA Immobilien Anlagen AG.