CPI Property Group has signed a conditional share purchase agreement with Petrus Advisors to acquire its 6.81% shareholding in the Austrian property company Immofinanz. That's an important step in CPI's Immofinanz takeover campaign since it picks up another 6.81% of the company. In all, CPI now controls over 35% of the company’s total registered nominal share capital.
CPI reportedly agreed to pay €22.70 per share, which is €1.50 more than CPI offered other shareholders. That means the price for other shareholders will now be raised by the same amount. Hospodářské noviny writes . . .
------------------------------------------------------------------------------
Subscriber content
Archival content is available to subscribers only. If you have a membership subscription and are are experiencing issues logging in, please try the login below:
If you're interested in reading further, why not gain full access to the archives by subscribing?
Order your subscription here and we'll send you an invoice.
Annual memberships (€100/yr) can also be paid for by credit card, or you can pay month-to-month by clicking here.
