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World markets  |  March 22, 2013 09:16:21

View this year's profit Immofinanz on top of the previously estimated range

The head of the real estate company Immofinanz Eduard Zehetner yesterday after the results said that currently sees annual EBITDA at 520-540 million, ie in the upper part of the view from 500 to 540 million, also mentioned that the planned IPO residential portfolio BUWOG would could take place in November and the company to bring 700 million. Zehetner added that the sale is subject to a minimum level of net assets at BUWOGu now stands at 1.25 billion euros. The first step would Immofinanz sold over 50% of the company.Immofinanz intention is to realize gains from the appreciation of the residential sector and invest in other segments, particularly in Eastern Europe.

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