Brief: Immofinanz Starts Preparations For A Squeeze-Out Of S Immo AG

CPI Europe AG

24/05/2024 14:08

May 24 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * IMMOFINANZ STARTS PREPARATIONS FOR A SQUEEZE-OUT OF S IMMO
AG
    * IN COURSE OF SQUEEZE-OUT, SHARES IN S IMMO (AT0000652250)
HELD
BY MINORITY SHAREHOLDERS SHALL BE TRANSFERRED TO IMMOFINANZ AS
MAIN SHAREHOLDER IN EXCHANGE FOR APPROPRIATE CASH COMPENSATION
    * SUPERVISORY BOARD OF IMMOFINANZ AG ("IMMOFINANZ") APPROVED
COMMENCEMENT OF PREPARATIONS FOR A SQUEEZE-OUT OF S IMMO AG ("S
IMMO") IN ACCORDANCE WITH AUSTRIAN SQUEEZE OUT ACT
    * SQUEEZE-OUT CURRENTLY RELATES TO 5,246,664 S IMMO SHARES,
WHICH
CORRESPONDS TO APPROXIMATELY 7.13% OF SHARE CAPITAL
    * CASH COMPENSATION FOR ACQUISITION OF S IMMO SHARES WILL BE
DETERMINED BASED ON A VALUATION REPORT TO BE OBTAINED

Source text for Eikon:  ID:nEQ7mWn67a 
Further company coverage:  IMFI.VI 

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