Brief: Immofinanz Starts Negotiations With CPI Property Group To Increase Shareholding In S Immo To Over 50%

CPI Europe AG

21/11/2022 09:21

Nov 21 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * STARTS NEGOTIATIONS WITH CPI PROPERTY GROUP TO INCREASE
ITS
SHAREHOLDING IN S IMMO TO OVER 50%
    * 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
    * IMMOFINANZ DIRECTLY HOLDS APPROX. 26.49% OF S IMMO
    * A POTENTIAL ACQUISITION OF SHARES IN S IMMO BY IMMOFINANZ
FROM
CPIPG WOULD BE ENVISAGED TO TAKE PLACE BY END OF THIS YEAR
(2022)
    * . CPIPG DIRECTLY HOLDS 52.7% OF S IMMO, WHICH MAY FURTHER
INCREASE AS A RESULT OF CPIPG'S MANDATORY TAKEOVER OFFER OVER S
IMMO
    * 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
    * PURCHASE PRICE, A LONG-TERM FINANCING BY CPIPG TO
IMMOFINANZ
SHOULD TAKE PLACE

Source text for Eikon:  ID:nEQ7BRNBga 
Further company coverage:  IMFI.VI 
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