September 29, 2016 / 10:07 AM / a year ago

Immofinanz CEO on CA Immo merger: doesn't matter who takes over whom

VIENNA, Sept 29 (Reuters) - The chief executive of Austrian property group Immofinanz, speaking on Thursday about a planned merger with rival CA Immo, in which it holds 26 percent, said it was not important who takes over whom.

Oliver Schumy told a shareholder meeting that for big investors the question of which company takes over the other one did not matter. Rather, the important thing was that a new retail and office property group is created that is among the 12 biggest in Europe, he added.

Reporting By Shadia Nasralla; editing by Francois Murphy

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