ViennaEstate Immobilien AG agreed to acquire Wiener Privatbank Immobilienverwaltung GmbH from Wiener Privatbank SE (WBAG:WPB) on November 6, 2017. The Supervisory Board of Wiener Privatbank SE approved the decision on September 9, 2017 and the extraordinary shareholders’ meeting did on November 6, 2017. The proceeds will be paid out in part and the rest will be used to invest in the core business segments of the bank.