IMMOFINANZ Starts Preparations for Squeeze-Out of S IMMO AG

IMMOFINANZ AG has initiated the process of a squeeze-out of S IMMO AG. The company’s Supervisory Board has approved the preparations as per the Austrian Squeeze-out Act. This move involves transferring shares held by minority shareholders to IMMOFINANZ in exchange for cash compensation.

IMMOFINANZ, along with its parent company CPI Property Group S.A., possesses approximately 88.37% of S IMMO’s share capital. This stake qualifies IMMOFINANZ as a main shareholder under Austrian law. The squeeze-out applies to 5,246,664 shares, representing about 7.13% of S IMMO’s share capital.

Once preparatory steps are completed, IMMOFINANZ will request S IMMO to initiate the squeeze-out procedure. The cash compensation will be determined based on a valuation report. The proposal will then be submitted for approval at a shareholders' meeting.