Brief: IMMOFINANZ Considers CPIPG Updated Offer Too Low

Cpi Property SA

16/02/2022 08:00

Feb 16 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * SUPPLEMENTARY STATEMENTS BY THE EXECUTIVE BOARD AND
SUPERVISORY
BOARD ON CPIPG'S IMPROVED TAKEOVER OFFER
    * OFFER PROVIDES AN EXIT OPTION FOR INVESTORS IN CONNECTION
WITH
ATTAINMENT OF CONTROL
    * IMPROVED OFFER PRICE OF EUR 23.00 PER SHARE STILL TOO LOW
    * CPIPG INCREASED ITS INVESTMENT IN IMMOFINANZ TO ROUGHLY
48.18%
WITH PURCHASE OF SHARES HELD BY S IMMO
    * PURCHASE OF ALL IMMOFINANZ SHARES WILL GIVE CPIPG
INVESTMENT OF
AT LEAST 48.18% AFTER CLEARANCE OF TRANSACTION BY MERGER
AUTHORITIES AND CLOSING FOR PURCHASE

Source text for Eikon:  ID:nEQ1KFXkya 
Further company coverage:  IMFI.VI 

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