CA Immo is valued at 3.4 billion euros.
The shares of the local CA Immo showed up on Monday in early trading on the Vienna Stock Exchange after a takeover offer by a major shareholder with a significant price increase of 13.3 percent to EUR 34.90.
The US financial investor Starwood Capital wants to increase access to the Vienna office property group.
The major CA Immo shareholder, who claims to have increased his stake to 29.99 percent in the past few weeks, announced a takeover offer for the remaining shares for EUR 34.44 per paper on Friday evening. This means that CA Immo is valued at EUR 3.4 billion.
Starwood is only interested in expanding its stake in the Austrian company, the bidder had announced via its Luxembourg holding company that it had not set itself the goal of a specific share threshold.
