Immofinanz buys Adama in Romania

Immofinanz is to take control of the Romanian developer Adama, where it already holds a 30% stake, for €50m. ZF reports this means it’s driving out the other original shareholders, who aren’t exactly small players: Morgan Stanley, Lehman Brothers and Tiger Global investment funds and founders David Flusberg, Dvir Cohen-Hoshen and Isaac Cohen-Hoshen.

Advertisements

One response to “Immofinanz buys Adama in Romania

  1. Does anyone know why Immofinanz paid $50 million for Adama and how they may have come up with this type of valuation?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s