IMMOFINANZ sells 18.5 million BUWOG shares to the strategic investor SAPINDA
09.06.2016
IMMOFINANZ sells 18.5 million BUWOG shares to the strategic investor SAPINDA
IMMOFINANZ today sold approx. 18.5 million BUWOG shares to SAPINDA Group, a company located in Amsterdam, London and Luxembourg. The price of EUR 19.00 per share – for a total of approx. EUR 352 million – is 3.5% higher than yesterday’s closing price of EUR 18.36.
“This step completes the sale of our freely disposable BUWOG shares, in line with our previously announced plans“, commented IMMOFINANZ-CEO Oliver Schumy on the transaction. “The proceeds from the sale will be used to finance the acquisition of a 26% stake in CA Immobilien Anlagen AG.”
The sale reduces the BUWOG shares held by IMMOFINANZ by approx. 18.5 percentage points to roughly 10%. The approx. 10 million remaining BUWOG shares are intended to proportionally service the convertible bonds issued by IMMOFINANZ.
“This step completes the sale of our freely disposable BUWOG shares, in line with our previously announced plans“, commented IMMOFINANZ-CEO Oliver Schumy on the transaction. “The proceeds from the sale will be used to finance the acquisition of a 26% stake in CA Immobilien Anlagen AG.”
The sale reduces the BUWOG shares held by IMMOFINANZ by approx. 18.5 percentage points to roughly 10%. The approx. 10 million remaining BUWOG shares are intended to proportionally service the convertible bonds issued by IMMOFINANZ.
