August 5, 2013 / 9:00 AM / 4 years ago

Immofinanz dividend policy depends on Buwog IPO - CEO

VIENNA, Aug 5 (Reuters) - Austrian property group Immofinanz said it would reconsider its dividend and share buyback policies if it spins off instead of listing its Buwog unit.

“I can imagine a distribution in dividend and share buybacks on condition we do a Buwog IPO. If we do a spin-off these considerations will look different,” Chief Executive Eduard Zehetner told journalists on Monday.

Immofinanz confirmed late on Friday it would keep its 2012/13 dividend steady at 0.15 euros per share.

Reporting by Georgina Prodhan; Editing by Michael Shields

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