- Immofinanz AG is the 53rd foreign company listed on the WSE and the 2nd foreign company to introduce its shares to the Main Market in 2013.
- The property development company is the second Austrian issuer listed on the Warsaw Stock Exchange.
Immofinanz AG has been newly listed today on the WSE’s Main Market. The company is the 45th foreign issuer and the 2nd foreign company to introduce its shares to the Main Market in 2013. The issuer is also the 439th company listed on the WSE’s Main Market and the 5th new listing on the market in 2013.
Following today’s new listing, the two equities markets of the Warsaw Stock Exchange list 53 foreign companies (45 companies on the Main Market and 8 companies on NewConnect) from several countries, mainly from Ukraine, the Czech Republic and Israel. The new listing of yet another foreign company on the WSE is a result of the consistently pursued strategy geared towards strengthening of the international position of the WSE by way of increasing the number of foreign issuers, brokers and investors, including those from outside Central and Eastern Europe.
Immofinanz AG has been listed on the Vienna Stock Exchange since 1996. The company’s new listing on the Warsaw Stock Exchange was not preceded by an offering of shares. The reference price for the first trading session on the WSE was PLN 13.33. The company introduced to trading 1,128,952,687 ordinary shares at an aggregate amount of over PLN 14.67 billion. As measured by capitalisation (as at 6 May 2013), Immofinanz AG is the fourth biggest foreign issuer following UniCredit (PLN 97.24 billion), CEZ (PLN 49.69 billion) and MOL (PLN 23.41 billion).
The core business of the Immofinanz AG group, which comprises three direct subsidiaries and eleven indirect subsidiaries, is to purchase and manage real estate investment, implement developer projects, and sell real estate. The real estate portfolio of the group includes 1,600 investments. The group is active in the commercial, office, logistic and residential property segments in Austria, Germany, the Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.