Aedifica takeover bid puts Cofinimmo on track for best day ever

Aedifica NV

02/05/2025 08:40

Corrects milestone in first bullet point, adds dropped word in bullet 2

** Belgian real estate investment trust Cofinimmo COFB.BR jumps 10% to a 2-year high, after Aedifica AOO.BR launched a takeover offer with a 'significant premium' on its peer

** The implied offer price of EUR 80.91 per share represents a premium of 20.8% to Cofinimmo's share price, Aedifica says

** ING analysts deem the price a "significant premium"

** On paper the deal makes sense for both groups with a limited discount to net tangible assets (NTA) valuation, ING analysts add

** It would "place the new entity among the top 7/8 real estates listed companies in Europe and creating the fourth biggest healthcare listed real estates group in the world," the broker adds

** Cofinimmo shares are on track for their best day ever, if gains hold

** Aedifica slips about 3%

 (Reporting by Alban Kacher)

 ((Alban.kacher@thomsonreuters.com; +48 58 769 65 87))