IMMOFINANZ AG
IMMOFINANZ AG: IMMOFINANZ sells 18.5 million BUWOG shares to the strategic investor SAPINDA
IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous 09.06.2016 08:16 Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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. On IMMOFINANZ IMMOFINANZ is a commercial real estate company whose activities are focused on the retail and office segments of eight core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The core business includes the management and development of properties. The company has a real estate portfolio of approx. EUR 5.8 billion that covers more than 380 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: http:// www.immofinanz.com For additional information contact: Bettina Schragl Head of Corporate Communications and Investor Relations IMMOFINANZ T +43 (0)1 88 090 2290 M +43 (0)699 1685 7290 communications@immofinanz.com investor@immofinanz.com A-1100 Wien, Wienerbergstraße 11 www.immofinanz.com 09.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: IMMOFINANZ AG Wienerbergstraße 11 1100 Wien Austria Phone: +43 (0) 1 88090 - 2290 Fax: +43 (0) 1 88090 - 8290 E-mail: investor@immofinanz.com Internet: http://www.immofinanz.com ISIN: AT0000809058 WKN: 911064 Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt ; Warschau, Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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