Austrian property groups Immofinanz and S Immo abandon merger plan

VIENNA (Reuters) - Austrian property groups Immofinanz and its smaller rival S Immo have abandoned their plan to merge, they said on Tuesday, leaving their crowded market's future uncertain after another planned merger by Immofinanz fell through.Austria has three listed property companies: Immofinanz, S Immo and CA Immo . Last year Immofinanz's planned merger with CA Immo fell through..