CPIPG increases stake in Immofinanz

CPI Property Group (CPIPG) and CEE Immobilien GmbH, a wholly-owned subsidiary of S IMMO, signed on January 31 this year an agreement to acquire over 17.5 million IMMOFINANZ shares, corresponding to a stake of approximately 12.69% in the share capital of IMMOFINANZ.

The agreement also covers the acquisition of additional shares by CPIPG, offered as part of the partial takeover offer of IMMOFINANZ announced by CEE Immobilien on December 23, 2021. The purchase price for one share is EUR 23 including dividends.

As of January 31, 2022, CPIPG, therefore, holds (directly and indirectly) a total of 66.6 million shares, which corresponds to a stake of approximately 48.18% in the share capital of IMMOFINANZ.

CPIPG is a leading company in the commercial and hotel real estate sector in Central and Eastern Europe and Germany, focusing its activities on long-term investments and rental of real estate. In Poland, CPIPG has been operating since 2013. It owns and actively manages twenty-four real estate in the office, retail, and hotel sectors.

(WBJ)