CPI PROPERTY GROUP / LU0251710041
22.12.2023 - 18:25:15CPI PROPERTY GROUP – Partial Sale of IMMOFINANZ Shares
| CPI PROPERTY GROUP / Key word(s): Disposal 22.12.2023 / 18:25 CET/CEST The issuer is solely responsible for the content of this announcement. CPI Property Group (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254 Press Release - Corporate News Luxembourg, 22 December 2023 CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to announce a small transaction which enhances liquidity while preserving strategic flexibility. Recently, CPIPG was approached by Petrus Advisers Investments Fund L.P. (“PAIF”), a London-based investment manager and current shareholder of IMMOFINANZ AG ("IMMOFINANZ"), about increasing their ownership stake. CPIPG agreed to sell 2,575,000 shares of IMMOFINANZ to PAIF, equivalent to 1.86% of the total outstanding. Notably, CPIPG’s shareholding in IMMOFINANZ remains above the strategically important threshold of 75%. The transaction value was about €51.9 million, equivalent to €20.15 per share. Concurrently, PAIF has granted CPIPG call options which are exercisable for up to 2 years. The sale provides CPIPG with additional liquidity, while the call option gives the Group flexibility on future strategic plans for IMMOFINANZ. CPIPG sees PAIF as a thought leader in the Austrian market, and both parties intend to engage regarding IMMOFINANZ’s governance, strategy, and shareholder value. For further information, please contact: Investor Relations Moritz Mayer m.mayer@cpipg.com For more on CPI Property Group, visit our website: www.cpipg.com Follow us on X (CPIPG_SA) and LinkedIn 22.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | CPI PROPERTY GROUP |
| 40, rue de la Vallée | |
| L-2661 Luxembourg | |
| Luxemburg | |
| Phone: | +352 264 767 1 |
| Fax: | +352 264 767 67 |
| E-mail: | contact@cpipg.com |
| Internet: | www.cpipg.com |
| ISIN: | LU0251710041 |
| WKN: | A0JL4D |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart |
| EQS News ID: | 1803515 |
| End of News | EQS News Service |
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