CA Immo to buy back 5% stake in its international unit

CA Immobilien Anlagen said on Monday that it intends to boost its stake in CA Immo International to up to 56% from the current 51%. The company will take advantage of the current 'extremely low price' of CA Immo International's shares, which is around 20% below net asset value (NAV). In a statement, CA Immobilien Anlagen said that the move will involve an investment of about EUR 25 mln.

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