Immofinanz rejects Starwood Capital bid

Austria-based real estate firm Immofinanz AG has rejected a partial takeover offer from an affiliate of Starwood Capital Group worth approximately €117.6 million ($136 million).
Starwood last week announced its offer to buy 5 percent of the company at €2.1 ($2.4) a share.

Immofinanz rejects Starwood Capital bid
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