IMMOFINANZ Completes S IMMO Squeeze-Out

IMMOFINANZ AG has finalized the squeeze-out of minority shareholders of S IMMO AG, effectively gaining full ownership as of December 3rd. The shares of minority stakeholders have been transferred, ceasing S IMMO's stock market presence.

Compensation for S IMMO shareholders was set at EUR 22.05 per share, with payments processed by December 11th. Pavel Měchura, Executive Board member, highlights this move as strategic for optimizing group structure and enhancing investment potential.

IMMOFINANZ focuses on high-quality office and retail properties in Europe, aiming for value-driven growth while managing strategic property sales. Their financial policy emphasizes liquidity, a balanced capital structure, and cost-efficient financing.

An ESG strategy implemented in 2023 underscores ecological, social, and governance goals with firm targets and milestones.