| From Bloomberg: Immofinanz AG and Immoeast AG, Austria's largest developers, may merge after losing more than 80 percent of their combined market value in six months, reversing a spin-off 10 years ago, the companies' chief executive said.
A merger would give the two Vienna-based companies "the size and the cash flow to invest in big projects'' and help them weather the turmoil in the financial markets, Chief Executive Officer Thomas Kleibl said at a briefing in the Austrian capital today..... Full Article: Source
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