AI assistant
CPI Europe AG — M&A Activity 2010
May 19, 2010
746_rns_2010-05-19_2658e463-770a-484c-a96d-731ef2a8b2c5.html
M&A Activity
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 19 May 2010 17:34
IMMOFINANZ AG: IMMOFINANZ-Group agrees upon the acquisition of Aviso Zeta Bank AG and Aviso Delta GmbH
IMMOFINANZ AG / Miscellaneous
19.05.2010 17:34
Dissemination of an Ad hoc announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
IMBEA IMMOEAST Beteiligungsverwaltung AG, a 100% subsidiary of the stock
exchange listed IMMOFINANZ AG has today purchased all shares of Aviso Zeta
Bank AG, former Constantia Privatbank AG, for EUR 1,-- by conclusion of a
share purchase agreement. The Seller is Aviso Gamma GmbH, a holding company
of UniCredit Bank Austria AG, Raiffeisen Zentralbank AG, Erste Bank AG,
BAWAG PSK and Österreichische Volksbanken AG. Together with Aviso Zeta Bank
AG also CREDO Immobilien Development-Group, the development segment of
former Constantia Privatbank AG was taken over by IMMOFINANZ Group.
The acquisition of Aviso Zeta is subject to various conditions precedent,
in particular the conclusion of an agreement with Constantia Packaging B.V.
and the termination of the bank concession by Aviso Zeta.
Concurrently the same group company of IMMOFINANZ AG has purchased also the
sister company of Aviso Zeta, Aviso Delta GmbH, at the price of the paid-in
share capital amounting to EUR 17,500.00. The employees of IMMOFINANZ Group
which are active in the context of the management agreements are employed
within Aviso Delta and its subsidiaries. Thus, after the factual
internalization which has been in existence for 18 months, also the formal
internalization of the real estate management of IMMOFINANZ Group is now
completed.
By acquisition of Aviso Zeta and Aviso Delta the management agreements are
now finally internalized and the foundations for an agreement between
IMMOFINANZ Group and Constantia Packaging B.V. about the so called 'IBAG
Bond' (EUR 512 m) are laid. In comparison with the shareholders'
resolutions of July 2008 as effected by the previous management, the now
reached agreement for the internalization means savings for the IMMOFINANZ
shareholders in the amount of EUR 440 m.
Contact:
Margit Hermentin
Head of Investor Relations & Corporate Communications
IMMOFINANZ AG
A-1120 Wien, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
e-mail:
[email protected]
www.immofinanz.com
Press - Coordination:
Christoph Edelmann
ACCEDO Austria GmbH
T +43 1 533 87 00
[email protected]
19.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 Wien
Österreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: [email protected]
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) Wien
End of News DGAP News-Service