sur GSG GROUP S.A. (isin : LU0251710041)
CPIPG Sells S IMMO AG Shares to IMMOFINANZ AG
CPI Property Group (CPIPG) announced the sale of 28,241,094 shares in S IMMO AG to IMMOFINANZ AG. This transaction increases IMMOFINANZ's stake in S IMMO to approximately 89%.
The total purchase price is €608.5 million, equating to €21.55 per share. The price was negotiated between CPIPG and IMMOFINANZ, considering a cash compensation of €22.05 for minority shareholders, minus a €0.50 discount per share.
The deal is partially financed by a €500 million long-term credit facility from CPIPG to IMMOFINANZ. The terms allow optional prepayments based on market conditions. The agreement was signed and will close immediately.
This transaction qualifies as a related party transaction since CPIPG consolidates IMMOFINANZ and S IMMO, with no impact on CPIPG's consolidated financial position.
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