Brief: Immofinanz Welcomes Increased Offer Price From CPI Property; Offer Price Still Too Low

Cpi Property SA

27/01/2022 17:10

Jan 27 (Reuters) - Immofinanz AG  IMFI.VI :
    * IMMOFINANZ - WELCOMES ANNOUNCEMENT BY CPI PROPERTY TO
INCREASE
OFFER PRICE FOR IMMOFINANZ SHARES FROM CURRENT LEVEL OF EUR 21.2
TO EUR 22.7
    * PRICE IS, HOWEVER, STILL CLEARLY BELOW CURRENT VALUE OF
COMPANY
AND DOES NOT REFLECT IMMOFINANZ'S SUBSTANTIAL GROWTH POTENTIAL
    * HIGHER PRICE FAILS TO INCLUDE AN APPROPRIATE CONTROL
PREMIUM FOR
CPIPG'S ANNOUNCED INTENTION TO ATTAIN CONTROL OVER IMMOFINANZ
    * AGAIN RECOMMENDS THAT INVESTORS NOT ACCEPT ANNOUNCED
IMPROVED
OFFER BY CPIPG FOR IMMOFINANZ'S SHARES AND CONVERTIBLE BONDS

Source text for Eikon:  ID:nEQ32kyza 
Further company coverage:  IMFI.VI 

 ((Reuters.Briefs@thomsonreuters.com;))