IMMOFINANZ enters talks to acquire remaining 38.37% atake in S IMMO from CPIPG

IMMOFINANZ AG has announced the start of negotiations with its core shareholder, CPI Property Group SA (CPIPG), to acquire the remaining 38.37% stake in S IMMO AG currently held by CPIPG. IMMOFINANZ already owns approximately 50.60% of S IMMO.

The potential deal would see IMMOFINANZ purchase CPIPG’s 28,241,094 shares in S IMMO, amounting to a 38.37% stake. The transaction is expected to occur at a fair market price, with a maximum price capped at EUR 22.05 per share, which is the cash compensation set for minority shareholders in the ongoing squeeze-out process. Negotiations will also determine an applicable discount. CPIPG is anticipated to offer long-term financing to IMMOFINANZ to cover part of the purchase price.

If the deal and squeeze-out process are completed, IMMOFINANZ would become the sole owner of S IMMO, holding 100% of its shares.