Antitrust authorities approve ECO takeover

conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, has been granted approval for the planned takeover of ECO Business-Immobilien AG by the antitrust authorities in Austria and Germany. Thus an important condition precedent has been fulfilled even before the end of the acceptance period. If the other conditions are met by the end of the acceptance period on 30 July 2010, 17:00 (Vienna local time), the transaction can be expected to proceed rapidly.

“With the approval by the antitrust authorities in Austria and Germany, an important condition for the takeover of ECO has been met as expected. Our offer is going well and we assume that we will quickly bring it to a successful close,” says Johann Kowar, Chairman of the Executive Board of conwert.