ARTICLES LABELLED WITH TAG takeover

The Independent Committee of the Globalworth Board has published its response circular in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth share. The Independent Committee continues to believe that the offer significantly undervalues Globalworth, its assets and its prospects.

Growthpoint Properties Limited, the European Bank for Reconstruction and Development and Oak Hill Advisors responded to the unilateral announcement by CPI Property Group and Aroundtown of a firm intention to make a cash offer for the share capital of Globalworth.

On 14 April 2021, CPI Property Group S.A. and Aroundtown SA unilaterally announced a firm intention to make a cash offer for the share capital of Globalworth not already owned or controlled by them at €7.00 per Globalworth share. On 19 April 2021, Globalworth announced the formation of an independent committee of the Board to evaluate the offer.

Immofinanz announced on 29 January 2021 that RPR Privatstiftung has concluded a share purchase agreement on the sale of its share in RPPK Immo GmbH with Revenite Austria S.à.r.l. on 29 January 2021 and that this share purchase agreement is subject to the condition precedent that Eurovea Services s.r.o., which holds the second share in RPPK Immo GmbH in addition to RPR Privatstiftung, consents to the transfer by 31 March 2021 at the latest.

Immofinanz announced on 14 March 2021 to launch a voluntary public takeover offer to the shareholders of S Immo to acquire a controlling interest pursuant to section 25a of the Austrian Takeover Act. The offer price per share of S Immo AG has been announced as €18.04 on a cum-dividend basis. Immofinanz announces that the Executive Board and the Supervisory Board of Immofinanz have resolved upon an increase of the offer price to €22.25 on 25 March.

The Austrian Takeover Commission notified Immofinanz that a review procedure is being initiated with respect to Immofinanz as the target company.

The Management Board and the Supervisory Board of Immofinanz have decided to launch a voluntary public takeover offer to acquire a controlling interest pursuant to Section 25a of the Austrian Takeover Act for all outstanding no-par value bearer shares of S Immo not owned by the bidder.

German-focused investor Aggregate Holdings S.A. confirmed that it may be considering a potential acquisition of a stake in CA Immo, which may also include launching a partial takeover offer for shares in CA Immo in accordance with the provisions of the Austrian Takeover Act.

US investor Starwood Capital, through its Luxembourg holding company SOF-11 Klimt CAI S.à r.l., has increased its stake in Austrian company CA Immo to 29.99% in the past few weeks and announced a takeover offer for the remaining shares for €34.44 per share. Starwood also plans to submit an offer for CA Immo’s convertible bonds.