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Immofinanz Pays $683M For Stake In EU Property Firm

By Chelsea Naso (April 18, 2016, 5:26 PM EDT) -- Austrian property group Immofinanz AG said Monday it will pay €604 million ($683.3 million) for a 26 percent stake in peer CA Immobilien Anlagen AG, as the pair rekindle plans to merge their complementary portfolios of European retail and commercial assets....

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