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Real estate developer Immofinanz raised its revenue by 2.5% to EUR 183.7m in the first quarter of its fiscal year 2010/11. The net profit, however, fell to EUR 59m from EUR 136.2m a year earlier when it was boosted by one-time effects. The company merged with its eastern European unit Immoeast in the last fiscal year.*
Former finance minister Karl-Heinz Grasser has stepped down as supervisory board chairman of fund manager C-Quadrat due to personal reasons. Marcus Mautner Markhof, his deputy so far, will take over Grasser's position.
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The shareholders of CA Immo International AG, the foreign subsidiary of CA Immobilien Anlagen AG, approved the merger with the parent company.
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