58As regards Article 73b of the Treaty, it must be pointed out that the right to acquire, use or dispose of immovable property on the territory of another Member State, which is the corollary of freedom of establishment, as is apparent from Article 54(3)(e) of the EC Treaty (now Article 44(2)(e) EC), generates capital movements when it is exercised (Case C-370/05 Festersen [2007] ECR I-1129, paragraph 22, and case-law cited there).
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