IMMOFINANZ Initiates Negotiations to Acquire CPIPG’s Remaining Stake in S IMMO

IMMOFINANZ AG has begun talks to acquire the remaining 38.37% stake in S IMMO AG from CPI Property Group SA (CPIPG). Currently, IMMOFINANZ holds approximately 50.60% of S IMMO, while CPIPG holds 38.37%.

This potential acquisition involves 28,241,094 shares in S IMMO. The transaction is set at a fair market price, with an upper limit of EUR 22.05 per share, and may include a negotiated discount. Long-term financing for part of the purchase price is expected from CPIPG.

Post-transaction and the completion of a squeeze-out, IMMOFINANZ would fully own S IMMO. This move would consolidate IMMOFINANZ's position in the real estate market across its core European segments.