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| Why was the management internalised at all? |
More and more institutional investors, as well as small investors, began to demand that management be internalised starting in the second half of 2007. This measure should serve to strengthen the independence of the company.
The opportunity to carry out the internalisation within the scope of a comprehensive expansion of business activities through the acquisition of Constantia Privatbank's real estate division is even more attractive to IMMOFINANZ than simply terminating the management contract, and is therefore overwhelmingly supported by the board of directors and the supervisory board.
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