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

THIS COMMUNICATION CONTAINS INFORMATION THAT MAY BE CONSIDERED INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

CPI OWNERSHIP GROUP
(anonymous company)
40, rue de la Vallée
L-2661 Luxembourg
RCS Luxembourg: B 102 254
Legal Entity Identifier (LEI): 222100CO2ZOTEPGJO223

Luxembourg, September 4, 2024

CPI PROPERTY GROUP and IMMOFINANZ enter into negotiations for the sale of CPIPG’s 38.37% stake in S IMMO to IMMOFINANZ

CPI PROPERTY GROUP (“CPIPG”) and IMMOFINANZ AG (“IMMOFINANZ”) will initiate negotiations for the possible sale of 28,241,094 shares in S IMMO AG (approx. 38.37%) held by CPIPG to IMMOFINANZ.

A transaction would be conducted on an arm’s length basis and at a fair market price, taking into account the cash consideration of EUR 22.05 per share to be paid to S IMMO’s minority shareholders pursuant to the initiated squeeze-out procedure. Based on the squeeze-out consideration per share announced by IMMOFINANZ, the aggregate cap amounts to approximately EUR 623 million. CPIPG is expected to provide a long-term financing option to IMMOFINANZ for a portion of the purchase price, as well as a potential discount.

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

Reporting person:
David Greenbaum, [email protected]

For further information please contact:

Investor Relations
Moritz Mayer, [email protected]

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