IMMOFINANZ AG / AT0000A21KS2
23.07.2024 - 17:20:49IMMOFINANZ AG: IMMOFINANZ and CPIPG start process to evaluate further integration and potential combination
| EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Strategic Company Decision 23-Jul-2024 / 17:20 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Ad-hoc announcement Vienna, 23 July 2024 IMMOFINANZ and CPIPG start process to evaluate further integration and potential combination The boards of IMMOFINANZ AG (“IMMOFINANZ”) today approved to enter a framework agreement with IMMOFINANZ’s majority shareholder CPI Property Group S.A. (“CPIPG”) holding approx. 75% of IMMOFINANZ (104,004,581 shares) to establish a joint review process to examine potential business combinations, cross-border merger or other form of integration or combination of assets, functions and key corporate entities. The objective is to optimise the group’s capital structure and capture both operating and cost efficiencies for the benefit of all shareholders. On IMMOFINANZ IMMOFINANZ is a commercial real estate group whose activities are focused on the office and retail segments of eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The core business covers the management and development of properties, whereby IMMOFINANZ relies on its established real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive (office) – and also on complementary products and portfolios that include S IMMO. IMMOFINANZ increased its investment in S IMMO to 50% plus one share at the end of 2022 and now consolidates this company in full. IMMOFINANZ Group holds more than 500 properties with a combined value of approximately EUR 8.1 billion. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: https://www.immofinanz.com For additional information contact: Simone Korbelius Investor Relations and Corporate Communications T +43 (0)1 88 090 2291 M +43 (0)699 1685 7291 communications@immofinanz.com investor@immofinanz.com 1100 Vienna, Wienerbergstraße 9, Austria www.immofinanz.com End of Inside Information 23-Jul-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
| Language: | English |
| Company: | IMMOFINANZ AG |
| Wienerbergstraße 9 | |
| 1100 Vienna | |
| Austria | |
| Phone: | +43 (0) 1 88090 - 2291 |
| Fax: | +43 1 88090 - 8291 |
| E-mail: | investor@immofinanz.com |
| Internet: | http://www.immofinanz.com |
| ISIN: | AT0000A21KS2 |
| WKN: | A2JN9W |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Warschau, Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1952451 |
| End of Announcement | EQS News Service |
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1952451 23-Jul-2024 CET/CEST
