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CPI Property Group Launches €2.6 Billion Takeover Bid for Immofinanz

Company Wants to Tackle Alleged Lack of Leadership and Mixed Messaging
Listed on the Vienna Stock Exchange, Immofinanz owns a €5 billion property portfolio. (UIG via Getty Images)
Listed on the Vienna Stock Exchange, Immofinanz owns a €5 billion property portfolio. (UIG via Getty Images)

CPI Property Group has increased its stake in Immofinanz to 32% and launched a takeover bid for the listed company.

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