Brief: S Immo Generated Proceeds Of More Than EUR 400 Million From Sale Of Stake In Immofinanz

S IMMO AG

02/03/2022 13:22

March 2 (Reuters) - S IMMO AG  SIAG.VI :
    * WITH SALE OF ITS 12.69% STAKE IN IMMOFINANZ AG, WHICH WAS
CLOSED
YESTERDAY, S IMMO HAS GENERATED PROCEEDS FROM SALE AND CASH
INFLOW OF MORE THAN EUR 400 MILLION
    * OFFER PRICE OF EUR 23.00 PER SHARE HAS BEEN 8.5% HIGHER
THAN
PRICE ORIGINALLY OFFERED BY CPI PROPERTY GROUP S.A. OF EUR 21.20
    * SALE INCLUDING DIVIDEND PAYMENT RECEIVED IN OCTOBER 2021
RESULTS
IN A POSITIVE EFFECT BEFORE TAXES OF APPROXIMATELY EUR 55
MILLION

Source text for Eikon:  ID:nPexF7RyTa 
Further company coverage:  SIAG.VI 

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