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CPI Europe AG M&A Activity 2024

Sep 4, 2024

746_iss_2024-09-04_8804acb1-5af8-4173-bd71-3d2526810c72.pdf

M&A Activity

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EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Investment/Miscellaneous IMMOFINANZ AG: IMMOFINANZ starts negotiations to purchase CPIPG's remaining 38.37%-stake in S IMMO

04-Sep-2024 / 16:00 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Ad-hoc announcement Vienna, 4 September 2024

IMMOFINANZ starts negotiations to purchase CPIPG's remaining 38.37%-stake in S IMMO

IMMOFINANZ AG ("IMMOFINANZ") and its core shareholder CPI Property Group SA ("CPIPG") have today agreed upon to enter into negotiations for the acquisition of the remaining shares in S IMMO AG ("S IMMO") by IMMOFINANZ. Currently, IMMOFINANZ directly holds approx. 50.60% of S IMMO and CPIPG directly holds 38.37%.

The potential transaction would involve 28,241,094 shares in S IMMO (approx. 38.37%) as CPIPG's remaining stake in S IMMO. A transaction would take place at a fair market price taking into account as an upper limit the cash compensation of EUR 22.05 per share to be paid to the minority shareholders of S IMMO pursuant to the initiated squeeze-out procedure and a discount to be negotiated. CPIPG is expected to provide long-term financing to IMMOFINANZ for a portion of the purchase price.

Upon completion of a purchase and the squeeze-out IMMOFINANZ would be 100% shareholder of S IMMO.

On IMMOFINANZ

IMMOFINANZ is a commercial real estate group whose activities are focused on the office and retail segments of eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The core business covers the management and development of properties, whereby IMMOFINANZ relies on its established real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive (office) – and also on complementary products and portfolios that include S IMMO. IMMOFINANZ owns more than 50% of the shares in S IMMO and fully consolidates this company. IMMOFINANZ Group holds roughly 490 properties with a combined value of approximately EUR 8.2 billion. The company is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: https://immofinanz.com

For additional information contact:

Language: Company:	English IMMOFINANZ AG Wienerbergstraße 9 1100 Vienna
	Austria
Phone:	+43 (0) 1 88090 - 2291
Fax:	+43 1 88090 - 8291
E-mail:	[email protected]
Internet:	http://www.immofinanz.com
ISIN:	AT0000A21KS2
WKN:	A2JN9W
Listed:	Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID:	1981703