UPDATE 1-CA Immo, O1 fall far short of Immofinanz stake target

April 17, 2015 6:33 AM

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VIENNA, April 17 (Reuters) - Austrian property group CA Immo and its partner O1 Group have a 6.08 percent stake in peer Immofinanz after a tender to increase their stake, CA Immo said on Friday, falling far short of their target.

The partners got a 1.6 percent stake via a 2.80 euro per share tender which was worth up to 422 million euros ($455 million) and aimed to get as much as an additional 13.5 percent in Immofinanz in a deal which could eventually see the two companies merge.

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