IMMOFINANZ to acquire an additional stake in S IMMO from for €337m.

IMMOFINANZ, a commercial real-estate company, agreed to acquire an additional stake in S IMMO, a real estate investment company, from CPI Property Group, a real estate landlord of income-generating commercial properties, for €337m. "With this acquisition, IMMOFINANZ has achieved a long-term strategic goal. The consolidation of the two companies will be value accretive and leads to a stronger market position and allows us to capture synergies," Radka Doehring, IMMOFINANZ Executive Chairwoman.