EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Strategic Company
Decision
IMMOFINANZ AG: IMMOFINANZ and CPIPG start process to evaluate further
integration and potential combination
23-Jul-2024 / 17:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc announcement
Vienna, 23 July 2024
IMMOFINANZ and CPIPG start process to evaluate
further integration and potential combination
The boards of IMMOFINANZ AG (“IMMOFINANZ”) today approved to enter a
framework agreement with IMMOFINANZ’s majority shareholder CPI Property
Group S.A. (“CPIPG”) holding approx. 75% of IMMOFINANZ (104,004,581
shares) to establish a joint review process to examine potential business
combinations, cross-border merger or other form of integration or
combination of assets, functions and key corporate entities. The objective
is to optimise the group’s capital structure and capture both operating
and cost efficiencies for the benefit of all shareholders.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate group whose activities are focused
on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby IMMOFINANZ relies on its established
real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive
(office) – and also on complementary products and portfolios that include
S IMMO. IMMOFINANZ increased its investment in S IMMO to 50% plus one
share at the end of 2022 and now consolidates this company in full.
IMMOFINANZ Group holds more than 500 properties with a combined value of
approximately EUR 8.1 billion. IMMOFINANZ is listed on the stock exchanges
in Vienna (leading ATX index) and Warsaw. Further information under:
(1)https://www.immofinanz.com
For additional information contact:
Simone Korbelius
Investor Relations and Corporate Communications
T +43 (0)1 88 090 2291
M +43 (0)699 1685 7291
(2)communications@immofinanz.com
(3)investor@immofinanz.com
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com
End of Inside Information
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23-Jul-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart, Tradegate Exchange; Warschau, Vienna Stock
Exchange (Official Market)
EQS News ID: 1952451
End of Announcement EQS News Service
1952451 23-Jul-2024 CET/CEST
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1952451&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. mailto:communications@immofinanz.com
3. mailto:investor@immofinanz.com
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