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CPI Europe AG — Major Shareholding Notification 2018
Apr 18, 2018
746_iss_2018-04-18_fecc491d-d957-4dba-b132-36c32012ce1a.pdf
Major Shareholding Notification
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DGAP-Ad-hoc: IMMOFINANZAG/ Keyword(s):Real Estate/Miscellaneous IMMOFINANZannounces the purchase of approx. 19.5 million bearer shares of SIMMOAG
18-Apr-2018 / 13:34 CET/CEST
Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG.
The issuer is solelyresponsible for the content of this announcement.
Withthe signingof share purchase agreements today, 18 April 2018, IMMOFINANZAGhas purchased19,499,437 bearer shares (representinganinvestment of 29.14%) of SIMMOAGfrommember companies of the RPRGroup(approx. 14.6 millionshares) and the SIGNAGroup(approx. 4.9 millionshares). The transactionis subject tovarious conditions precedent, inparticular the approval of the antitrust authorities inAustria,Germanyandother jurisdictions. The SupervisoryBoardof IMMOFINANZapprovedthe purchase today.
The purchase price amounts to EUR20.0 per share, for a total transaction volume of approximatelyEUR390.0 million. Itwill be funded from available liquidityand, if necessary, through additional bank financing. The transaction is expected to close in several months.
The real estate portfolio of SIMMOcomplements the IMMOFINANZportfolio in the office and retail areas. The transaction is therefore expected to strengthen the market position of both companies and create synergies for the management of the properties. In the event of a future combination of the two companies, the increased size would lead to a stronger position on the capital market.Opportunities for the realisation of substantial synergies in financing and overhead costs would also be possible.
The situation with regard to IMMOFINANZ's investment in CAImmo remains unchanged: IMMOFINANZis evaluating other strategic options independent of a possible merger. This also includes the possible profitable sale of the CAImmo investment.
Reservations regardingforward-lookingstatements. This announcement includes statements that are based on future developments. These statements represent estimateswhich were made on the basis of information available to IMMOFINANZAGat the present time. If the underlying assumptions do not materialise, the actual events occurring in the future could differ from the above statements concerning the future development of IMMOFINANZAG. Therefore, no liability can be accepted for these statements.
OnIMMOFINANZ
IMMOFINANZis a commercial real estate group whose activities are focused on the retail and office segments of seven core markets in Europe: Austria,Germany,Czech Republic, Slovakia,Hungary,Romania and Poland. The core business covers the management and development of properties,whereby the STOPSHOP(retail), VIVO! (retail) and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio has a value of approx. EUR4.2 billion and covers more than 230 properties. IMMOFINANZis listed on the stock exchanges in Vienna (leading ATXindex) and Warsaw. Further information under: http:/www.immofinanz.com
For additional information contact:
Bettina Schragl Head ofCorporate Communications and Investor Relations T+43 (0)1 88 090 2290 M+43 (0)699 1685 7290 [email protected] [email protected]
18-Apr-2018 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de
| Language: Company: |
English IMMOFINANZAG Wienerbergstraße 11 1100 Wien |
|---|---|
| Phone: | Austria +43 (0) 1 88090 - 2290 |
| Fax: | +43 (0) 1 88090 - 8290 |
| E-mail: | [email protected] |
| Internet: | http://www.immofinanz.com |
| ISIN: | AT0000809058 |
| WKN: | 911064 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart; Warschau, Wien (Amtlicher Handel /Official Market) |
End ofAnnouncement DGAPNews Service