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.


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?

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