Public disclosure of inside information according to article 17 MAR
S IMMO AG: S IMMO AG decides to divest its approximately 6% stake in CA Immobilien Anlagen AG
Vienna (pta034/12.07.2021/17:55 UTC+2) Today, the Management Board of listed S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250) has decided to sell its stake in CA Immobilien Anlagen AG (i.e. 6,340,681 shares corresponding to roughly 5.96% of the share capital) and intends to tender the shares into the takeover offer of SOF-11 Klimt CAI S.à r.l., a company controlled by Starwood Capital Group. Based on the offer price of EUR 37.00 per share, the company expects a cash inflow (before taxes) of EUR 234.6m and the realization of a disposal gain of almost EUR 100m throughout the investment period. In addition, S IMMO AG received dividend payments of in total approximately EUR 25m from this investment. The funds released from the sale of this shareholding will be used for direct real estate investments.
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Emitter: |
S IMMO AG Friedrichstraße 10 1010 Wien Austria |
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Contact Person: | Andreas Feuerstein | |
Phone: | +43 1 22795-1125 | |
E-Mail: | andreas.feuerstein@simmoag.at | |
Website: | www.simmoag.at | |
ISIN(s): | AT0000652250 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |