Immofinanz reaches agreement on EUR 512m debt restructuring

Austria's Immofinanz, the group resulting from the merger of Immofinanz and Immoeast, has reached an agreement with Constantia Packaging on the restructuring of a EUR 512 mln bond. The agreement puts an end to a longstanding dispute on a EUR 520 mln missing payment provided by Immoeast to Immofinanz Beteiligungs (IBAG) through the purchase of a bond in 2008.

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