S Immo submits offer for up to 10% of Immofinanz

S IMMO AG

21/12/2021 14:55

BERLIN, Dec 21 (Reuters) - Austrian real estate group S Immo
 SIAG.VI  said on Tuesday it submitted its previously announced
partial offer for up to 10% of the outstanding shares in rival
Immofinanz  IMFI.VI  to the takeover commission for examination.
    The offer comes after the Frankfurt-based real estate
company CPI Property Group  O5G.DE , which has already secured
32% in Immofinanz, announced a bid of 21.20 euros per share.
    As previously announced, S Immo offers 23 euros for each
Immofinanz share, Chief Executive Bruno Ettenauer told Reuters
in an interview.
    The partial offer comes sooner than expected as the group
had initially applied for an extension until the beginning of
January.

 (Reporting by Alexandra Schwarz-Goerlich; Writing by Zuzanna
Szymanska, editing by Emma Thomasson)
 ((zuzanna.szymanska@thomsonreuters.com;))