trending Market Intelligence /marketintelligence/en/news-insights/trending/_ds88inj5kn9opqznzg99g2 content esgSubNav
In This List

Report: Vienna Insurance's 10% stake in S IMMO eyed by Austrian developer

Blog

Insight Weekly: Banks brace for recession; Europe PE deal values soar; US solar imports rebound

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook


Report: Vienna Insurance's 10% stake in S IMMO eyed by Austrian developer

Vienna Insurance Group AG's 10% stake in S IMMO AG could be acquired by Austrian property developer Rene Benko "within days," Reuters reported, citing Austrian daily Der Standard, which cited a "reliable" source.

Citing a Vienna Insurance spokesman, Reuters had recently reported that the stake in the real estate investment company has drawn interest from "several parties."

The March 23 report noted that Benko already has an option to buy a 21.8% stake in S Immo from investor Ronny Pecik. If Benko acquires Vienna Insurance's stake and also exercises the option, he would be required to make a mandatory offer for S Immo.

Benko owns a real estate portfolio with a gross asset value of more than €10 billion through his Signa Holding, the news outlet noted.