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Sal. Oppenheim jr. & Cie. KGaA Press and Public Relations Unter Sachsenhausen 4 50667 Cologne, Germany
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CA Immobilien Group buys 100% of the shares in
Vivico Real Estate GmbH
FRANKFURT, 4 DECEMBER 2007
• CA IMMO Group pays purchase price of around € 1.03 billion
• One of the largest German real estate M&A transactions in 2007
As part of a structured tender process, the Federal Republic of Germany,
represented by the Federal Ministry of Transport, Construction and Urban
Development and the Federal Railways Fund (BEV), has sold its 100% share in
Vivico Real Estate GmbH, Frankfurt am Main, to the CA Immobilien Group,
Vienna. CA IMMO, which is listed on the Vienna Stock Exchange, is to pay a
price of around € 1.03 billion for 100% of the shares. The acquisition still requires
the approval of the responsible Austrian antitrust authorities and consent granted in
accordance with section 65 of the Federal Budget Code (Bundeshaushaltsordnung).
The privatisation process, which was performed by the private bank Sal.
Oppenheim jr. & Cie KGaA, was one of the largest German real estate M&A
transactions in 2007. “We are delighted to have been able to execute this
privatisation transaction successfully despite the difficult situation on the capital
markets, and to have found CA IMMO, one of Europe’s leading real estate
specialists, as a buyer”, explained Michael Harting, head of section at the Federal
Ministry of Transport, Construction and Urban Development. Legal support was
provided by the law firm White & Case LLP.
Vivico Real Estate GmbH was formed in 2001 to sell properties not required by the
railway. The company, which has its headquarters in Frankfurt am Main and
branches in Munich, Berlin and Cologne, manages around 150 predominantly
commercial properties and project developments in attractive city centre locations.
Vivico focuses on