Wikipedia
Immofinanz AG is an Austrian property development company based in Vienna that operates in Eastern and Central Europe. As of October 2015, it is a member of the Austrian Traded Index (ATX), the index of the twenty largest companies traded on the Viennese stock exchange. 'Immo' is short for Immobilien, German for property. The company has a headquarters in Vienna with offices in Cologne and the respective capitals of the Czech Republic, Poland, Romania, Russia and Slovakia. In Poland the company operates a number of shopping centres under the brand 'VIVO!'.
The company formerly owned a large number of logistics facilities, which it sold in 2015 to Blackstone Group.
Immofinanz has been involved in a series of negotiations regarding a takeover or merger with its fellow ATX member CA Immo, also a property development company. Merger negotiations failed in 2014, as did an acrimonious takeover bid by CA Immo in spring 2015. It has since expressed interest in resuming negotiations.