EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Miscellaneous
IMMOFINANZ AG: IMMOFINANZ starts negotiations with CPI Property Group to
increase its shareholding in S IMMO to over 50%

21-Nov-2022 / 10:19 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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IMMOFINANZ starts negotiations with CPI Property Group to increase its
shareholding in S IMMO to over 50%

 

IMMOFINANZ AG (“IMMOFINANZ”) has today received an approval from its
Supervisory Board to enter into negotiations with its core shareholder CPI
Property Group (“CPIPG”) concerning the acquisition of shares in S IMMO AG
(“S IMMO”). Currently, IMMOFINANZ directly holds approx. 26.49% of S IMMO.
CPIPG directly holds 52.7% of S IMMO, which may further increase as a
result of CPIPG’s mandatory takeover offer over S IMMO.

A potential acquisition of shares in S IMMO by IMMOFINANZ from CPIPG would
be envisaged to take place by the end of this year (2022). The potential
transaction would involve at least 17,305,012 shares in S IMMO
(approx. 23.51%) to form a controlling stake in S IMMO within IMMOFINANZ
and would take place at a fair market price to be negotiated and confirmed
by an independent fairness opinion. The purchase price may take into
consideration the EPRA NAV/NTA of S IMMO, share price, a control premium
as well as targeted synergies among other relevant market standard price
parameters. For the purchase price, a long-term financing by CPIPG to
IMMOFINANZ should take place.

With this acquisition, IMMOFINANZ would complete a long-term strategic
goal and proceed with the consolidation of both companies to capture
future mutual synergies.

 

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 the STOP SHOP (retail), VIVO! (retail)
and myhive (office) brands represent strong focal points that stand for
quality and service. The real estate portfolio has a value of
approximately EUR 5.4 billion and covers more than 220 properties.
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:

Bettina Schragl
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290

[2]communications@immofinanz.com

[3]investor@immofinanz.com 1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com

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21-Nov-2022 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 - 2290
Fax: +43 (0) 1 88090 - 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1492111

 
End of Announcement EQS News Service

1492111  21-Nov-2022 CET/CEST

References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1492111&site_id=apa_ots_austria&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com