The fact that CA Immobilien Anlagen AG (CA Immo for short) shares are up around ten percent today reminds me that this is of course also due to the interest rate cut (0.50 percentage points last week) in the US. In particular, major shareholder and real estate investor Starwood Capital (click here for more), which owns more than 60 percent of CA Immo AG, breathed a sigh of relief. The past few months have been very difficult for Starwood. This is also why rumors are growing that the American investor is beautifying the bride, CA Immo (I told you here) in order to sell her for a profit. The four golden shares (click here) and the emergence as an almost sole shareholder make CA Immo AG a profitable asset. Former Starwood director Keegan (Vicious) is CEO; There is no independent representative of free float shares on the Supervisory Board.
Credit is due
I heard from bankers that a €580 million loan at Starwood is due at the end of the year. It has to be presented in some way. What do you think? Will there be a change in ownership of CA Immo by the end of the year?
By the way: The rating of Erste Group analysts, who issued a buy recommendation for the stock today, may also have played a role in the stock's good performance. This year, the share decreased by about 26 percent.
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