Brief: S Immo Decides To Divest Its 6Stake In CA Immobilien Anlagen AG

S IMMO AG

12/07/2021 16:58

July 12 (Reuters) - S IMMO AG  SIAG.VI :
    * DECIDES TO DIVEST ITS APPROXIMATELY 6% STAKE IN CA
IMMOBILIEN
ANLAGEN AG
    * INTENDS TO TENDER SHARES INTO TAKEOVER OFFER OF SOF-11
KLIMT CAI
S.À R.L., A COMPANY CONTROLLED BY STARWOOD CAPITAL GROUP
    * BASED ON OFFER PRICE OF EUR 37.00 PER SHARE, COMPANY
EXPECTS A
CASH INFLOW (BEFORE TAXES) OF EUR 234.6M
    * AND REALIZATION OF A DISPOSAL GAIN OF ALMOST EUR 100M
THROUGHOUT
INVESTMENT PERIOD
    * RECEIVED DIVIDEND PAYMENTS OF IN TOTAL APPROXIMATELY EUR
25M
FROM THIS INVESTMENT
    * FUNDS RELEASED FROM SALE OF THIS SHAREHOLDING WILL BE USED
FOR
DIRECT REAL ESTATE INVESTMENTS

Source text for Eikon:  ID:nPexKvGXTa 
Further company coverage:  SIAG.VI 

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