Put companies on watchlist
IMMOFINANZ AG
ISIN: AT0000A21KS2
WKN: A2JN9W
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

IMMOFINANZ AG · ISIN: AT0000A21KS2 · EQS - adhoc news (116 News)
Country: Austria · Primary market: Austria · EQS NID: 1952451
23 July 2024 05:20PM

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
IMMOFINANZ AG: IMMOFINANZ and CPIPG start process to evaluate further integration and potential combination

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

1952451  23-Jul-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1952451&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - IMMOFINANZ AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.