EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Investment/Miscellaneous
IMMOFINANZ AG: IMMOFINANZ starts negotiations to purchase CPIPG’s
remaining 38.37%-stake in S IMMO
04-Sep-2024 / 16:00 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, 4 September 2024
IMMOFINANZ starts negotiations to purchase CPIPG’s remaining
38.37%-stake in S IMMO
IMMOFINANZ AG (“IMMOFINANZ”) and its core shareholder CPI Property Group
SA (“CPIPG”) have today agreed upon to enter into negotiations for the
acquisition of the remaining shares in S IMMO AG (“S IMMO”) by IMMOFINANZ.
Currently, IMMOFINANZ directly holds approx. 50.60% of S IMMO and CPIPG
directly holds 38.37%.
The potential transaction would involve 28,241,094 shares in S IMMO
(approx. 38.37%) as CPIPG's remaining stake in S IMMO. A transaction would
take place at a fair market price taking into account as an upper limit
the cash compensation of EUR 22.05 per share to be paid to the minority
shareholders of S IMMO pursuant to the initiated squeeze-out procedure and
a discount to be negotiated. CPIPG is expected to provide long-term
financing to IMMOFINANZ for a portion of the purchase price.
Upon completion of a purchase and the squeeze-out IMMOFINANZ would be 100%
shareholder of S IMMO.
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 owns more than 50% of the shares in S IMMO and
fully consolidates this company. IMMOFINANZ Group holds roughly 490
properties with a combined value of approximately EUR 8.2 billion. The
company is listed on the stock exchanges in Vienna (leading ATX index) and
Warsaw. Further information under: (1)https://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
IMMOFINANZ
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com
End of Inside Information
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04-Sep-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: 1981703
End of Announcement EQS News Service
1981703 04-Sep-2024 CET/CEST
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=90bf059447ef845aafdb4e0dc81bb3b9&application_id=1981703&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. mailto:communications@immofinanz.com
3. mailto:investor@immofinanz.com
