EQS-News: IMMOFINANZ increases shareholding in S IMMO to 89%
EQS-News: IMMOFINANZ AG / Key word(s): Investment/Miscellaneous
IMMOFINANZ increases shareholding in S IMMO to 89%
25.09.2024 / 20:06 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Press release | Corporate News
Vienna, 25 September 2024
IMMOFINANZ increases shareholding in S IMMO to 89%
IMMOFINANZ Group is acquiring a further 28,241,094 shares in S IMMO AG („S
IMMO“) from its core shareholder CPI Property Group („CPIPG“), thus
increasing its stake in S IMMO to around 89%.
The purchase price amounts to EUR 608.5 million or EUR 21.55 per S IMMO
share and results from the cash compensation of EUR 22.05 to be paid to
the minority shareholders of S IMMO in the course of the planned
squeeze-out, less a discount of EUR 0.50 per share. The transaction will
be partly financed through a long-term credit facility of EUR 500 million
at market conditions provided to IMMOFINANZ by CPIPG. The transaction
agreements were signed today, 25 September 2024, with closing to take
place immediately thereafter.
„With this acquisition, we are taking a further step towards optimizing
the Group structure and acquiring 100% of the shares in our subsidiary S
IMMO after completion of the planned squeeze-out“, explains Radka
Doehring, member of the Executive Board of IMMOFINANZ.
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: 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
[1]communications@immofinanz.com
[2]investor@immofinanz.com
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com
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25.09.2024 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: 1995819
End of News EQS News Service
1995819 25.09.2024 CET/CEST
References
Visible links
1. communications@immofinanz.com
2. investor@immofinanz.com
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