CPI Property Group and a subsidiary of S Immo (CEE Immobilien GmbH) signed an agreement concerning the acquisition of 17,543,937 Immofinanz shares, corresponding to a participation of approx. 12.69% of the total nominal share capital of Immofinanz. The agreement also covers the acquisition of additional shares eventually tendered into the voluntary partial tender offer for shares of Immofinanz published by CEE Immobilien GmbH on 23 December 2021. The purchase price per share amounts to €23.00 cum dividend. Following the transaction, CPIPG has undertaken to improve its takeover offer price (from the previous €22.70) in accordance with the Austrian Takeover Act accordingly.
CPIPG thus owns (directly and indirectly) an approx.19.25% share in Immofinanz with an additional approx. 28.92% conditionally contracted. This represents a combined stake of 66,607,375 Immofinanz shares, corresponding to a participation of approx. 48.18% of the total registered nominal share capital of Immofinanz.
The offer and completion of the share purchase agreements between CPIPG and RPPK Immo GmbH, Petrus Advisers Investments Fund L.P. and CEE Immobilien GmbH are subject to merger control clearance in Austria, Germany, the Czech Republic, Hungary, Poland, Romania, Serbia, and Slovakia. As of today, merger control clearance has already been obtained by the competent authorities in Austria, the Czech Republic, Germany, and Romania.
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