EQS-Adhoc: CPI PROPERTY GROUP and IMMOFINANZ start negotiations on the sale of CPIPG’s 38.37% stake in S IMMO to IMMOFINANZ

THIS NOTICE CONTAINS INFORMATION WHICH QUALIFIES AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

CPI OWNERSHIP GROUP
(society anonymous)
40, rue de la Vallée
L-2661 Luxembourg
Luxembourg Commercial and Companies Register: B 102 254
Legal entity identifier (LEI): 222100CO2ZOTEPGJO223

Luxembourg, 4 September 2024

CPI PROPERTY GROUP and IMMOFINANZ start negotiations on the sale of CPIPG’s 38.37% stake in S IMMO to IMMOFINANZ

CPI PROPERTY GROUP (“CPIPG”) and IMMOFINANZ AG (“IMMOFINANCE”) will enter into negotiations on the possible sale of 28,241,094 shares in S IMMO AG (approximately 38.37%) held by CPIPG to IMMOFINANZ.

A transaction would be carried out on arm’s length terms and at a fair market price, taking into account the cash compensation of EUR 22.05 per share to be paid to the minority shareholders of S IMMO in the context of the initiated squeeze-out procedure. Based on the squeeze-out compensation per share announced by IMMOFINANZ, the total cap is approximately EUR 623 million. CPIPG is expected to offer IMMOFINANZ an opportunity for long-term financing for part of the purchase price as well as a possible discount.

CPIPG expects the transaction to close before the end of September 2024.

Notifying person:
David Greenbaum, [email protected]

For further information please contact:

Investor information
Moritz Mayer, [email protected]

CPI PROPERTY GROUP (a public limited company (society anonymous), incorporated under the laws of the Grand Duchy of Luxembourg, with its registered office at 40, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg and registered in the Luxembourg Trade and Companies Register (Commercial Register and Companies Register, Luxembourg) under number B102254)