IMMOFINANZ Increases Shareholding in S IMMO to 89%

IMMOFINANZ Group has acquired an additional 28,241,094 shares in S IMMO AG from its core shareholder CPI Property Group. This acquisition raises IMMOFINANZ's stake in S IMMO to approximately 89%.

The purchase price is EUR 608.5 million, equating to EUR 21.55 per S IMMO share. This figure stems from a cash compensation of EUR 22.05 paid to minority shareholders, minus a EUR 0.50 discount per share. Part of the transaction is funded by a long-term credit facility of EUR 500 million provided by CPI Property Group.

Radka Doehring, a member of IMMOFINANZ's Executive Board, stated, "With this acquisition, we are taking a further step towards optimizing the Group structure and acquiring 100% of the shares in our subsidiary S IMMO."