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CEO of Austria's Warimpex says in bid talks

Mon Oct 15, 2007 2:25pm EDT

Reporter's Notebook

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VIENNA (Reuters) - Austrian real estate company Warimpex is in talks about an acquisition and a deal could be signed in the next few months, its Chief Executive Franz Jurkowitsch said on Monday.

Jurkowitsch declined to name the company or reveal any further details at the Reuters Central European Investment Summit in Vienna.

He also reiterated he expected the company's 2007 net profit to rise by at least 50 percent.

Warimpex is a niche real estate player, which mainly develops and owns hotels in Poland, the Czech Republic and Hungary. It owns around 400 million euros ($569.6 million) worth of assets.

It is listed on the Vienna and the Warsaw bourse since its initial public offering in January.

(For summit blog: summitnotebook.reuters.com/)

 
 
 
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