02.08.2016
IMMOFINANZ completes the acquisition of an investment of approx. 26% in CA Immo
IMMOFINANZ has completed the purchase of 25,690,163 bearer shares (representing an investment of approx. 26%) of CA Immobilien Anlagen AG from Terim Limited (Cyprus) and four registered shares of CA Immo from O1 Group Limited (Cyprus). The closing took place today, on Tuesday, 2 August 2016. The purchase price for the package totals approx. EUR 604 million.
“We met all conditions precedent in the shortest possible period of time and obtained the necessary approvals from the antitrust authorities in six countries. This acquisition creates the basis for the merger of these two companies into one of the leading property groups in Europe. Their portfolios complement each other extremely well, and we are expecting significant synergies and an increase in the attractiveness of the combined group for the capital market – and that will benefit the shareholders of both companies“, indicated Oliver Schumy, CEO of IMMOFINANZ.
“We met all conditions precedent in the shortest possible period of time and obtained the necessary approvals from the antitrust authorities in six countries. This acquisition creates the basis for the merger of these two companies into one of the leading property groups in Europe. Their portfolios complement each other extremely well, and we are expecting significant synergies and an increase in the attractiveness of the combined group for the capital market – and that will benefit the shareholders of both companies“, indicated Oliver Schumy, CEO of IMMOFINANZ.
IMMOFINANZ – a publicly listed European commercial real estate group with focus on two asset classes: Office and retail in eight core markets.