DGAP-Adhoc
IMMOFINANZ AG: IMMOFINANZ sells 18.5 million BUWOG shares to the strategic investor SAPINDA
IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
09.06.2016 08:16
Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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IMMOFINANZ today sold approx. 18.5 million BUWOG shares to SAPINDA Group, a
company located in Amsterdam, London and Luxembourg. The price of EUR 19.00
per share - for a total of approx. EUR 352 million - is 3.5% higher than
yesterday's closing price of EUR 18.36.
"This step completes the sale of our freely disposable BUWOG shares, in
line with our previously announced plans", commented IMMOFINANZ-CEO Oliver
Schumy on the transaction. "The proceeds from the sale will be used to
finance the acquisition of a 26% stake in CA Immobilien Anlagen AG."
The sale reduces the BUWOG shares held by IMMOFINANZ by approx. 18.5
percentage points to roughly 10%. The approx. 10 million remaining BUWOG
shares are intended to proportionally service the convertible bonds issued
by IMMOFINANZ.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business includes the management and development of properties. The
company has a real estate portfolio of approx. EUR 5.8 billion that covers
more than 380 properties. IMMOFINANZ is listed on the stock exchanges in
Vienna (leading ATX index) and Warsaw. Further information under: http://
www.immofinanz.com
For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
investor@immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
09.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2290
Fax: +43 (0) 1 88090 - 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Warschau, Wien (Amtlicher Handel /
Official Market)
End of Announcement DGAP News-Service
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company located in Amsterdam, London and Luxembourg. The price of EUR 19.00
per share - for a total of approx. EUR 352 million - is 3.5% higher than
yesterday's closing price of EUR 18.36.
"This step completes the sale of our freely disposable BUWOG shares, in
line with our previously announced plans", commented IMMOFINANZ-CEO Oliver
Schumy on the transaction. "The proceeds from the sale will be used to
finance the acquisition of a 26% stake in CA Immobilien Anlagen AG."
The sale reduces the BUWOG shares held by IMMOFINANZ by approx. 18.5
percentage points to roughly 10%. The approx. 10 million remaining BUWOG
shares are intended to proportionally service the convertible bonds issued
by IMMOFINANZ.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business includes the management and development of properties. The
company has a real estate portfolio of approx. EUR 5.8 billion that covers
more than 380 properties. IMMOFINANZ is listed on the stock exchanges in
Vienna (leading ATX index) and Warsaw. Further information under: http://
www.immofinanz.com
For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
investor@immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
09.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2290
Fax: +43 (0) 1 88090 - 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Warschau, Wien (Amtlicher Handel /
Official Market)
End of Announcement DGAP News-Service
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