CPI Property Group and Immofinanz AG Sign Framework Agreement

On July 23, 2024, CPI Property Group announced the signing of a framework agreement with Immofinanz AG. This agreement marks the start of a process to review the potential for a business combination, cross-border merger, or other integration of the two entities. The objective is to optimize the group's capital structure for greater operational and cost efficiencies.

The framework agreement outlines the intention to explore the feasibility and benefits, as well as any disadvantages, associated with this potential consolidation. This initial step aims to enhance value for all stakeholders involved in both groups.

The negotiations will investigate various forms of integration, including merging assets, functions, and key corporate entities. This thorough review is expected to provide detailed insights into possible improvements in both operations and cost management.

For more details, the primary contact is David Greenbaum at d.greenbaum@cpipg.com. Investor relations inquiries can be directed to Moritz Mayer at m.mayer@cpipg.com.