DEALTALK-CA Immo sees new Immofinanz CEO as chance to end property spat

April 2, 2015 2:30 PM

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VIENNA, April 2 (Reuters) - Austrian property group CA Immo sees an imminent change at the top of bigger rival Immofinanz as a potential way out of a heated real estate battle, paving the way for the creation of a central European real estate powerhouse.

Both companies have said that in the long term a merger would make sense. But for the time being, they are bidding for minority stakes in each another in a row over who might eventually control the other.

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