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CPI Europe AG — M&A Activity 2011
Jun 8, 2011
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IMMOFINANZ AG / Keyword(s): Disposal/Funds
IMMOFINANZ AG: IMMOFINANZ Group sells fund investments for over EUR 137
million
Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The
issuer is solely responsible for the content of this announcement.
The IMMOFINANZ Group has signed agreements for the sale of nine fund
investments to European investors. The purchase price will amount to EUR
137 million to 140 million, depending on the development of foreign
exchange rates over the next 12 months. These investments were financed
with 100% equity by subsidiaries of the IMMOFINANZ Group, and the company
will therefore record an increase in cash equal to the sale price.
These nine investments in five European (Europa Emerging Europe Fund Ltd.,
Europa Fund II LP., FF&P Russia Real Estate Ltd., FF&P Development Ltd. and
Polonia Property Fund Ltd. II) and four American (Carlyle Halley Co-
Investment Inc., Prologis North American Industrial Fund II LP., Gotham
City Residential Partners I LP. and Broadway Partners Real Estate Fund II,
LP.) property funds were sold at a price that equalled the carrying amount.
After the conclusion of this transaction the IMMOFINANZ Group still holds
investments in 18 funds with a combined carrying amount of EUR 160 million
(as of 31 January 2011), which will be sold over the short- to medium-term.
Contact:
Simone Korbelius
Investor Relations & Corporate Communications
IMMOFINANZ AG
A-1100 Wien, Wienerbergstraße 11
Tel.: +43 (0) 5 7111 - 2291
M.: +43 (0)699 1685 7291
Fax: +43 (0) 5 7111 - 8291
[email protected]
www.immofinanz.com
PRESS CONTACT:
Sandra Bauer
Corporate Communictions & Investor Relations
IMMOFINANZ AG
A-1100 Wien, Wienerbergstraße 11
Tel.: +43 (0)5 7111 - 2292
M.: +43 (0)699 1685 7292
Fax: +43 (0)5 7111 - 8292
[email protected]
www.immofinanz.com
08.06.2011 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Österreich
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: [email protected]
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service