Announced
Financials
Tags
Austria
Majority
Acquisition
Friendly
Real Estate Services
Single Bidder
Domestic
real estate company
Pending
Public
Synopsis
IMMOFINANZ, a commercial real-estate company that focuses its activities on the retail and office segments, offered to acquire the remaining shares in S IMMO, a real estate company, for €929m. S Immo said Immofinanz’s offer price was well below S Immo’s net asset value and did not take into account the value analysis of its property portfolio it had conducted last month. "S Immo’s management will examine the offer documents from Immofinanz in detail and issue a statement for the shareholders," S Immo.
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