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.
IMMOFINANZ
