04/09/2024 16:00
EQS-Adhoc: IMMOFINANZ AG: IMMOFINANZ starts negotiations to purchase CPIPG’s remaining 38.37%-stake in S IMMO
INFORMATION REGLEMENTEE

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.



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: 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
communications@immofinanz.com
investor@immofinanz.com


 


IMMOFINANZ
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com


End of Inside Information

04-Sep-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com



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


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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.



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: 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
communications@immofinanz.com
investor@immofinanz.com



 


IMMOFINANZ

1100 Vienna, Wienerbergstraße 9, Austria

www.immofinanz.com



End of Inside Information


04-Sep-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com



























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







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