The restructuring and reorganization of the IMMOFINANZ Group are following a clear strategy and are systematically and vigorously pursued by the management. The aims of these measures are consolidation and the optimization of cash flow and revenues.
As the next steps of restructuring a capital increase and a merger of IMMOFINANZ and IMMOEAST were planned. The feedback from the capital markets is that many of the institutional and private investors regard the merger as a basis for further investment decisions.
The executive board of IMMOFINANZ has therefore decided to proceed with the work on the planned merger and to carry it out as quickly as possible in the first half of 2010.
Only afterward will a decision concerning capital measures of IMMOFINANZ AG be made.