Warimpex Finanz und Beteiligungs AG company announced its plan to offload a 50 percent stake in Warsaw’s InterContinental hotel. The head of terms have been already signed for the transaction that is expected to be closed this year. The value of the transaction was said to surpass the balance (amount) and would increase the company’s results and liquidity in 2012. Warimpex made a net profit of €7.24m in 2011 and it expects to reach the similar figure this year, though the result is dependent on the sale of at least one of the buildings in Warimpex’s portfolio.
