IMMOFINANZ to acquire the remaining shares in S IMMO for €929m.

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.