Immofinanz announced on 14 March 2021 to launch a voluntary public takeover offer to the shareholders of S Immo to acquire a controlling interest pursuant to section 25a of the Austrian Takeover Act. The offer price per share of S Immo AG has been announced as €18.04 on a cum-dividend basis. Immofinanz announces that the Executive Board and the Supervisory Board of Immofinanz have resolved upon an increase of the offer price to €22.25 on 25 March.
The increased offer price represents a premium of 40.3% to the six-month VWAP (volume-weighted average share price of S Immo of the last six months) of €15.86 prior to the announcement of the intention to launch an offer. The premium to the unaffected closing price of€18.04 on 13 March 2021, prior to the announcement of the intention to launch an offer, is 23.3%.
The offer will be financed from the group's cash and cash equivalents as well as a debt financing facility in the amount of €500.0 million concluded for the offer.
