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CAI - CA Immobilien Anlagen AG News Story

€29.4 0.7  2.4%

Last Trade - 22/05/20

Sector
Financials
Size
Mid Cap
Market Cap £2.45bn
Enterprise Value £3.88bn
Revenue £251.8m
Position in Universe 245th / 1050

CA Immo sues Republic of Austria and Carinthia province for 1.9 bln euros

Thu 27th February, 2020 6:26pm
VIENNA, Feb 27 (Reuters) - Property group CA Immo  CAIV.VI 
said on Thursday it would sue the Republic of Austria and the
province of Carinthia for damages of 1.9 billion euros ($2.1
billion) in connection with the privatization of federal
residential property companies in 2004.
    The Austrian group said it was severely damaged by unlawful
and culpably biased influence on the best bidder procedure.
    "In order to assert the damage sustained, the company will
first bring a partial action for an initial sum of 1 million
euros out of the total damage of 1.9 billion euros," CA Immo
said. 


($1 = 0.9201 euros)

 (Reporting by Kirsti Knolle
Editing by Chris Reese)
 ((kirsti.knolle@thomsonreuters.com; +43 1 2530 1650 13;))
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