conwert Immobilien Invest SE

EANS-Adhoc: conwert Immobilien Invest SE
conwert confirms negotiations with Wiener Privatbank SE and RESAG Immobilienmakler GmbH

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08.06.2011

Vienna, 08.06.2011. conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, confirms - due to differing and partially unclear media reports - ongoing negotiations with Wiener Privatbank SE, which holds a 51% stake in RESAG Immobilienmakler GmbH, and the brokerage company itself. The background of the negotiations is an improvement of the conditions of contracts which were concluded with the brokerage company in the year 2007. The possible improvement of the contract conditions involves a significant savings potential for conwert, which amounts to several million euros. Another part of the new strategy, which provides for a more efficient, less costly and simplified management of the residential property portfolio in Austria and Germany, is thus being consistently implemented.

In contrast, the company denies rumours, according to which conwert had cancelled the existing brokerage contracts and is working on the establishment of a new brokerage organisation.

end of announcement                               euro adhoc
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issuer:      conwert Immobilien Invest SE
          Albertgasse 35
          A-1080 Wien
phone:       52145-0
FAX:         52145-111
mail:     cw@conwert.at
WWW:      http://www.conwert.at
sector:      Real Estate
ISIN:        AT0000697750
indexes:     WBI, ATX
stockmarkets: official market: Wien
language: English 

Contact:

conwert Immobilien Invest SE,
Mag. Peter Sidlo, Leiter Konzernkommunikation - Investor Relations,
T +43 / 1 / 521 45-250,
E peter.sidlo@conwert.at

Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI, ATX
Börsen: Wien / official market



Weitere Meldungen: conwert Immobilien Invest SE

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