CPI Property secures 53% stake in Immofinanz in tender offer

Cpi Property SA

24/02/2022 17:40

ZURICH, Feb 24 (Reuters) - CPI Property Group  O5G.DE  said
it had won control of a majority stake in Austrian real estate
group Immofinanz  IMFI.VI  via a tender for the company's shares
and convertible bonds whose acceptance period closed on
Wednesday.
    Together with shares the bidder already held or had agreed
to buy, CPI will have just over 73.7 million shares representing
around 53.3% of its outstanding voting rights, CPI said in a
statement.  urn:newsml:reuters.com:*:nEQ9rKQ8ra
    The share offer price of 23.00 euros per Immofinanz share
and the convertible bond offer price of 111,470.29 euros for
each nominal amount of 100,000 euros ($111,720) will be paid out
no later than March 9, it added.
    Immofinanz shares closed on Thursday at 22.90 euros.

($1 = 0.8951 euros)

 (Reporting by Michael Shields; Editing by Susan Fenton)
 ((Michael.Shields@thomsonreuters.com; +41 41 528 3630; Reuters
Messaging: michael.shields.thomsonreuters.com@reuters.net))