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| What is the purchase price and how was it determined? |
An appraisal was carried out by Ernst & Young, a leading international auditor, determining the value of Constantia Privatbank's real estate division. The value of the management contract between Constantia Privatbank and IMMOFINANZ is listed separately as sub-totals.
| Management contract for IMMOFINANZ: |
EUR 146 m |
| Share of other real estate activities and subsidiaries: |
EUR 30 m |
| Management contract for IMMOEAST: |
EUR 219 m |
| Share of other real estate activities and subsidiaries: |
EUR 45 m |
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| Management contract total (IMMOFINANZ group): |
EUR 365 m |
| Other real estate activities and subsidiaries: |
EUR 75 m |
Only the fixed fees in the management contracts were used to determine the valuations. Possible future performance-related fees were not taken into account.
The negotiations were conducted between representatives of the sellers (owners of Constantia Privatbank and demerged entity I&I) and the management of IMMOFINANZ and IMMOEAST in close cooperation with the supervisory boards. |
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