ARTICLES LABELLED WITH TAG takeover

News CPIPG takover brings changes in S Immo’s Management Board
08
Sep
2022

CPIPG takover brings changes in S Immo’s Management Board

by Property Forum
Following the completion of the mandatory offer by CPI Property Group in relation to S Immo, the Supervisory Board and the acting Chairman of the Management Board, Dr. Bruno Ettenauer, have mutually agreed that Mr. Ettenauer's Management Board contract terminated at the end of 6 September 2022.
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News Immofinanz announces changes in its Executive Board
09
Jun
2022

Immofinanz announces changes in its Executive Board

by Property Forum
After the successful completion of the mandatory takeover offer of CPI Property Group on Immofinanz the Supervisory Board and the members of the Executive Board Dietmar Reindl and Stefan Schönauer mutually agreed today in relation to the Change of Control Event, that their contract as board members shall end on 8 June 2022. Dietmar Reindl and Stefan Schönauer will continue to work for the Company as advisors to the Executive and Supervisory Board until 31 December 2022.
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News CPI Property Group prepares to take over S Immo
19
Apr
2022

CPI Property Group prepares to take over S Immo

by Property Forum
S Immo has received a request from shareholder CPI Property Group to convene an extraordinary shareholders' meeting. The motion is to resolve the abolishment of the 15 % voting cap set in the Articles of Association of S Immo. In addition, CPI Property Group has announced its intention to make a mandatory offer for all shares in S Immo not held by CPI. At the moment, CPIPG, directly and indirectly, owns a total of 42.6% in S Immo.
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News Immofinanz issues statement on CPIPG takeover
16
Feb
2022

Immofinanz issues statement on CPIPG takeover

by Property Forum
The Executive Board and Supervisory Board of Immofinanz have issued supplementary statements on the announcement by CPI Property Group SA (CPIPG) of the increase in the offer price to €23.00 per share (cum dividend) and increase in CPIPG’s investment in Immofinanz to roughly 48.18% through the purchase of shares from S Immo AG. The Executive Board and Supervisory Board still view the improved offer price as too low given the successful development of Immofinanz and the current value of the company. Moreover, the offer price does not include an appropriate control premium in connection with CPIPG’s intention to attain control over Immofinanz.
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News CPI Property Group acquires S Immo's stake in Immofinanz
01
Feb
2022

CPI Property Group acquires S Immo's stake in Immofinanz

by Property Forum
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.
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News CPI increases offer price, Immofinanz still finds it too low
27
Jan
2022

CPI increases offer price, Immofinanz still finds it too low

by Property Forum
CPI Property Group is continuing its efforts towards the takeover of Immofinanz. It has increased its holding in Immofinanz to 35.5% and subsequently also increased its offer price.
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News Immofinanz deems CPI offer price too low
26
Jan
2022

Immofinanz deems CPI offer price too low

by Property Forum
The Executive Board, Supervisory Board and Works Council of Immofinanz issued statements in which they indicate that the offer price of €21.20 per share is viewed as not attractive and recommend that investors not accept the offer by CPIPG for Immofinanz’s shares and convertible bonds.
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News Immofinanz finds S Immo offer price too low
10
Jan
2022

Immofinanz finds S Immo offer price too low

by Property Forum
In early December 2021, S Immo announced a partial takeover to the shareholders of Immofinanz, only three days after a similar offer was made by CPI Property Group. Today, the Executive Board, Supervisory Board and Works Council of Immofinanz have issued statements in which they indicate that the offer price of €23.00 per share is viewed as not sufficiently attractive. The Executive Board and Supervisory Board, therefore, recommend that shareholders not accept the partial offer by S Immo for approximately 10% of the outstanding Immofinanz shares.
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News TAG Immobilen buys Polish developer ROBYG
27
Dec
2021

TAG Immobilen buys Polish developer ROBYG

by Property Forum
TAG Immobilien AG has entered into a share purchase agreement to acquire a 100% interest in ROBYG S.A., a leading residential development firm in Poland, for an estimated purchase price of c. PLN 2,500 million (c. €550 million), net of certain adjustments ROBYG's currently secured pipeline consists of c. 23,000 residential units across four Polish cities, enabling TAG to a meaningful market entry into Warsaw. 
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News Hard to keep track – A timeline of the Austrian takeover saga
15
Dec
2021

Hard to keep track – A timeline of the Austrian takeover saga

by Property Forum
Immofinanz has recently received takeover offers from both CPI Property Group and S Immo in the latest chapter of the Austrian takeover saga. During the last couple of years, the three major Austrian real estate companies – Immofinanz, CA Immo and S Immo – have received (and usually rejected) numerous takeover offers with mergers in almost every possible combination also having been discussed. To help its readers keep track, Property Forum has put together a timeline of all the offers that were announced since 2014.
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Latest news


New leases

  • InPost has opened a second logistics centre in Łódź. Ultimately, almost 300 people will find work in the 8,500 sqm facility. InPost's logistics centre, located in the vicinity of the A1 Central Logistics Hub motorway, occupies 7.5 thousand sqm of warehouse space and 1 thousand sqm of office space.
  • Domax, a manufacturer of wood screws and connectors, has leased a 5,800 sqm warehouse at Mapletree Park Gdańsk Airport. The logistics centre is located close to roads S6, S7 and the A1 motorway.
  • Five more companies have joined Okam's existing tenants in Warsaw's Żerań, including theMedicus.pl shop and the Fresh Group advertising agency, which will occupy a total area of around 1,500 sqm in the complex.

New appointments

  • Agnieszka Boroń has joined Equilis Poland to take up the post of Development Director. She has worked in the construction and development industry for over 20 years, specialising in residential project management. Prior to joining Equilis Poland, she was programme director at Nexity. Prior to that, she worked in managerial positions at Dom Development.
  • Agnieszka Baczyńska took up the position of Head of Leasing - Retail in CPIPG. She is responsible for the commercialization of retail facilities from the CPIPG portfolio. Baczyńska also manages the leasing of office space on the buildings owned by CPIPG.
  • Ferenc Gondi has been appointed to a new post as Country Head for CTP Hungary. He's been part of CTP's activity for over 5 years.


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