EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Statement
10.01.2022 / 08:16
The issuer is solely responsible for the content of this announcement.
IMMOFINANZ: S IMMO offer price too low
The Executive Board and Supervisory Board welcome the interest of shareholders in increasing their investments in IMMOFINANZ in order to benefit from the company’s attractive growth potential. However, the price offered by S IMMO AG for the IMMOFINANZ share does not reflect the current value of the company, the clearly positive development of business in 2021 despite the corona pandemic, and the attractive future growth potential. The Executive Board, Supervisory Board and Works Council of IMMOFINANZ today issued statements in which they indicate that the offer price of EUR 23.00 per share is viewed as not sufficiently attractive. The Executive Board and Supervisory Board therefore recommend that shareholders not accept the partial offer by S IMMO for approximately 10% of the outstanding IMMOFINANZ shares.
The price of EUR 23.00 in cash per IMMOFINANZ share specified in the partial offer by S…
