DGAP-News
IMMOFINANZ shareholders approve the BUWOG spin-off - Seite 2
shareholdings that amount to less than one BUWOG share will be bundled and
sold collectively over the stock exchange and the proceeds will be credited
to the respective shareholders in cash. The price of the BUWOG share on the
first trading day will be determined by supply and demand. The price of the
IMMOFINANZ share will also be determined by the stock market after the
BUWOG spin-off.
After the spin-off IMMOFINANZ will hold a financial investment of 49% in
BUWOG AG that shall be further reduced over the medium-term. IMMOFINANZ AG
will terminate its involvement in the management of the BUWOG Group with
the spin-off and, for this purpose, will conclude a de-domination agreement
with BUWOG AG in which IMMOFINANZ AG agrees to comply with certain
restrictions in exercising its voting rights from the BUWOG shares.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 1,600 investment properties with a carrying amount
of approx. EUR 10.1 billion. As a "real estate machine" the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
IMMOFINANZ Group concentrates its activities in the retail, office,
logistics and residential segments of eight regional core markets: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.
Further information under: http://www.immofinanz.com /
http://blog.immofinanz.com / http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com
End of Corporate News
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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