Corporate News

IMMOFINANZ closes acquisition of 29.14% stake in S IMMO

IMMOFINANZ AG signed agreements for the purchase of 19,499,437 bearer shares in S IMMO AG, which represent an investment of roughly 29.14%, on 18 April 2018. Following the receipt of the relevant anti-trust approvals, the closing of the transaction took place today Friday, 21 September 2018 and the acquired S IMMO shares were formally transferred to IMMOFINANZ. The purchase price of approximately EUR 390.0 million was financed internally from liquid funds and bank financing of EUR 140.0 million.