EQS-News: IMMOFINANZ AG / Key word(s): Investment/Miscellaneous
IMMOFINANZ completes S IMMO squeeze-out
12.12.2024 / 09:51 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Press Release | Corporate News
Vienna, 12 December 2024
IMMOFINANZ completes S IMMO squeeze-out
IMMOFINANZ AG has successfully completed the squeeze-out of the minority
shareholders of S IMMO AG. The squeeze-out became legally effective with
the entry into the commercial register as of 3 December. All shares of the
minority shareholders have thus been transferred to IMMOFINANZ. The
trading of S IMMO shares on the stock exchange has been terminated.
S IMMO shareholders have received a cash compensation of EUR 22.05 per
share, which was transferred automatically to their account by their
custodian bank as of 11 December, including accrued interest.
“With the completion of the squeeze-out, we now hold 100% of the shares in
our subsidiary S IMMO. We are thus taking another step towards optimising
our Group structure and reducing costs. At the same time, we are
strengthening our strategic orientation and creating flexibility for
future investments,” says Pavel Měchura, member of the Executive Board of
IMMOFINANZ.
Focus on value-creating growth and strategic sales
IMMOFINANZ Group concentrates on its core business as a growth-oriented
property owner of a high-quality real estate portfolio focusing on office
and retail properties in its core markets in Europe. The Group primarily
focuses on flexible and innovative real estate offers with strong customer
orientation and the continuous optimisation of its portfolio. Active
portfolio management further includes strategic property sales, which
provide the basis for continued successful growth.
A robust financial policy, which aims to ensure sufficient liquidity, a
balanced capital structure with a balanced maturity profile and optimised
financing costs at all times, constitutes another cornerstone of the
strategy.
The Group-wide ESG strategy, which was adopted in 2023, will be
consistently implemented in the future. In addition to ecological
sustainability, it also encompasses social aspects and good corporate
governance, coupled with solid and specific targets and milestones.
On IMMOFINANZ
IMMOFINANZ Group 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. IMMOFINANZ
Group holds roughly 470 properties with a combined value of approximately
EUR 8.0 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
1100 Vienna, Wienerbergstraße 9, Austria
https://immofinanz.com
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12.12.2024 CET/CEST This Corporate News was distributed 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: 2049513
End of News EQS News Service
2049513 12.12.2024 CET/CEST
References
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1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=90bf059447ef845aafdb4e0dc81bb3b9&application_id=2049513&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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