Immofinanz sues CA Immo as bid battle heats up

April 13, 2015 7:23 AM

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VIENNA, April 13 (Reuters) - Austrian property group Immofinanz has sued rival CA Immo to try to prevent it from buying more shares or exercising voting rights in a bid battle, magazine Profil reported on Monday.

A spokesman for Vienna's Commercial Court confirmed it was handling the lawsuit filed last week and would try to rule on it by Friday, when Immofinanz shareholders meet to address a counter bid by Immofinanz for a minority stake in CA Immo.

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