Brief: Immofinanz AG- Immofinanz Starts Negotiations To Purchase Cpipg's Remaining 38.37%-Stake In S Immo

CPI Europe AG

04/09/2024 15:07

Sept 4 (Reuters) - Immofinanz AG  IMFI.VI :
    * IMMOFINANZ STARTS NEGOTIATIONS TO PURCHASE CPIPG'S
REMAINING
38.37%-STAKE IN S IMMO
    * CURRENTLY, IMMOFINANZ DIRECTLY HOLDS APPROX. 50.60% OF S
IMMO
AND CPIPG DIRECTLY HOLDS 38.37%
    * POTENTIAL TRANSACTION WOULD INVOLVE 28,241,094 SHARES IN S
IMMO
(APPROX. 38.37%)
    * TRANSACTION WOULD TAKE PLACE AT A FAIR MARKET PRICE TAKING
INTO
ACCOUNT AS AN UPPER LIMIT CASH COMPENSATION OF EUR 22.05 PER
SHARE
    * UPON COMPLETION OF A PURCHASE AND SQUEEZE-OUT IMMOFINANZ
WOULD
BE 100% SHAREHOLDER OF S IMMO

Source text for Eikon:  ID:nEQ9tv8j1a 
Further company coverage:  IMFI.VI 

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