The boards of IMMOFINANZ AG (“IMMOFINANZ”) today approved to enter a framework agreement with IMMOFINANZ’s majority shareholder CPI Property Group S.A. (“CPIPG”) holding approx. 75% of IMMOFINANZ (104,004,581 shares) to establish a joint review process to examine potential business combinations, cross-border merger or other form of integration or combination of assets, functions and key corporate entities. The objective is to optimise the group’s capital structure and capture both operating and cost efficiencies for the benefit of all shareholders.