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CA Immobilien talks Starwood affiliate's €706M offer for stake in the company

In light of a Starwood Capital Group affiliate's planned investment, CA Immobilien Anlagen AG said that it "in general welcomes" interest "by internationally known investors" in the company.

The Austrian developer added that Starwood Capital confirmed that it will support CA Immobilien's growth objectives and strategy. A reasoned statement will also be available once the target's management board completes its assessment of the Starwood Capital offer.

SOF-11 Starlight 10 EUR Sàrl Luxembourg is offering €27.50 per share, subject to adjustments, for 26% of CA Immobilien's overall issued bearer shares, a deal that could reach approximately €706.5 million at most.