Acquiring 25,690,163 shares (or 26%) of CA Immo at €23.50, Immofinanz has announced the first step of the merger with CA Immo. The €604m transaction with Terim Limited and O1 Group will be financed by debt and the issuance of a convertible bond. Prior to the merger, IMMOFINANZ also plans to demerge or sell its Russian assets. So far, the outlook on the distribution policy remains unchanged as previously announced.
18 Apr 2016
Merger with CA IMMO planned for Q2 17
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Merger with CA IMMO planned for Q2 17
Acquiring 25,690,163 shares (or 26%) of CA Immo at €23.50, Immofinanz has announced the first step of the merger with CA Immo. The €604m transaction with Terim Limited and O1 Group will be financed by debt and the issuance of a convertible bond. Prior to the merger, IMMOFINANZ also plans to demerge or sell its Russian assets. So far, the outlook on the distribution policy remains unchanged as previously announced.