Brief: S Immo CEO Says Immofinanz Takeover Offer Too Low

S IMMO AG

27/05/2021 12:30

May 27 (Reuters) - S Immo  SIAG.VI :
    * CEO: WE ARE NOT AGAINST THE TAKEOVER OFFER FROM IMMOFINANZ
 IMFI.VI  PER SE, BUT OFFER PRICE IS TOO LOW
    * CEO: SHOULD IMMOFINANZ TAKEOVER OFFER FAIL, WE WOULD SELL
OUR
STAKE IN CA IMMO  CAIV.VI 
    * CEO: WE WOULD INVEST THE PROCEEDS OF AROUND 500 TO 550
MILLION
EUROS FROM SALE OF CA IMMO IN PROPERTY
    * CEO: COMPANY IS IN A POSITION TO SUCCESSFULLY EXIST ON A
STAND-ALONE BASIS

Further company coverage:  SIAG.VI 

 (Reporting By Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))