CPI Europe AG — M&A Activity 2013

Feb 13, 2013

News Details

Ad-hoc | 13 February 2013 17:54

IMMOFINANZ Group withdraws from the tender for GBW AG

IMMOFINANZ AG / Key word(s): Miscellaneous

13.02.2013 17:54

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Ad hoc-announcement
Vienna, 13 February 2013

IMMOFINANZ Group withdraws from the tender for GBW AG

IMMOFINANZ Group has withdrawn its non-binding offer for the purchase of
the tendered shares in GBW AG, Munich, and informed the seller, Bayerische
Landesbank, of this decision on 13 February 2013.

'Under the given constellation it is not possible for us to form a listed
German-Austrian residential real estate corporation within an acceptable
timeframe', explains Eduard Zehetner, CEO of IMMOFINANZ Group. 'However, we
are convinced that GBW AG is a successfully managed residential property
company with an excellent portfolio in Bavaria.'

IMMOFINANZ Group will continue the pursuit of its strategic goal to
strengthen the residential property business under direction of its wholly
owned subsidiary BUWOG through acquisitions and its own development
projects in Germany. This strategy also includes a possible IPO for BUWOG
in the future.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe
and is included in the leading ATX index of the Vienna Stock Exchange.
Since its founding in 1990, the company has compiled a high-quality
property portfolio that now comprises more than 1,820 investment properties
with a carrying amount of approx. EUR 10.51 billion. As a 'real estate
machine' the company concentrates on linking its three core business areas:
the development of sustainable, specially designed prime properties in
premium locations, the professional management of these properties and
cycle-optimised sales. Active and decentralised asset management increases
rental income and, at the same time, reduces vacancies. The liquid funds
generated by property sales are reinvested in new development projects and,
in this way, keep the machine running. The company's goal is to generate
greater profitability along the entire value chain with a clearly defined,
standardised and industrialised process. IMMOFINANZ Group concentrates its
activities in the retail, office, logistics and residential segments of
eight regional core markets: Austria, Germany, Czech Republic, Slovakia,
Hungary, Romania, Poland and Russia. Further information under:
www.immofinanz.com

For additional information please contact:

MEDIA INQUIRIES

Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43(0)699 1685 7290
communications@immofinanz.com

INVESTOR RELATIONS

Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com

A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
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

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