Austria's Immofinanz cancels bid for S Immo

S IMMO AG

28/06/2021 06:59

June 28 (Reuters) - Immofinanz  IMFI.VI  cancelled its
takeover bid for S Immo  SIAG.VI  on Monday after the rival
Vienna-based real estate group's shareholders rejected a key
condition to the deal.
    The bidder said it would not change its 1.14 billion euro
($1.36 billion) offer as S Immo shareholders rejected the
elimination of maximum voting rights, which was necessary for
the transaction to happen, at an annual general meeting on
Thursday.  urn:newsml:reuters.com:*:nL5N2O62OF


($1 = 0.8385 euros)

 (Reporting by Zuzanna Szymanska in Gdansk, editing by Kirsti
Knolle)
 ((zuzanna.szymanska@thomsonreuters.com; + 48 58 769 65 61;))