Austria's Immoeast could fully take over Adama projects

Austrian investment fund Immoeast, the leading investor on the
Romanian real estate market over the last few years, could fully
take over real estate developer Adama, where it is already a
shareholder with an around 30% stake, according to market sources.
Immoeast has dropped several partnerships this year that had been
sealed during the rise of the real estate market, buying out of the
projects where Eyemaxx and European Future Group were also
shareholders, and selling stakes in a series of projects developed
with S+B Gruppe. “In a time of transition, when not so much money
is made any more, the shareholders think about using their options
(buying or selling shares i.e.). We could make a shareholder
structure restructuring in the next year, but we don’t know what it
will look like. I cannot comment on behalf of the other
shareholders,” said David Flusberg, founder and minority
shareholder of Adama.