IMMOFINANZ completes S IMMO squeeze-out, takes full ownership

12 December 2024

IMMOFINANZ AG has successfully completed the squeeze-out of minority shareholders in its subsidiary S IMMO AG, solidifying 100% ownership. The move became legally effective with its registration in the commercial register on December 3, and trading of S IMMO shares on the stock exchange has been terminated.

Minority shareholders received a cash compensation of €22.05 per share, which was automatically credited to their accounts by their custodian banks on December 11, including accrued interest.

“With the completion of the squeeze-out, we now hold 100% of the shares in S IMMO. This is a key step in optimizing our Group structure, reducing costs, and strengthening our strategic focus,” said Pavel Měchura, member of the Executive Board at IMMOFINANZ. “It also enhances our flexibility for future investments.”

IMMOFINANZ continues to position itself as a growth-oriented property owner with a high-quality real estate portfolio specializing in office and retail properties across its core European markets. The Group prioritizes innovative and flexible real estate solutions designed with strong customer orientation while continuously optimizing its portfolio.

Strategic sales of selected properties remain a central part of the Group’s active portfolio management approach, laying the groundwork for sustained growth and value creation.

The company adheres to a robust financial policy that ensures sufficient liquidity, balanced capital structures, and optimized financing costs. This disciplined approach underpins IMMOFINANZ’s long-term stability and ability to pursue growth opportunities.

Aligned with its Group-wide ESG strategy adopted in 2023, IMMOFINANZ is committed to integrating ecological sustainability, social responsibility, and corporate governance into its operations. Clear targets and milestones guide the Group’s efforts to achieve meaningful progress in these areas.

The completion of the S IMMO squeeze-out represents another significant milestone in IMMOFINANZ’s strategy to streamline operations, reduce costs, and strengthen its market position as a leader in European real estate.

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