The Luxembourg-based CPIPG wants to offer shareholders EUR 21.20 in cash per Immofinanz share on a cum-dividend basis. The purchase price offered is 4.2 percent above the average price of the share over the past six months. So far, CPI holds a 21.4 percent stake in Immofinanz.
CPI and RPPK Immo GmbH today signed a purchase agreement for shares under conditions according to which CPIPG would buy 10.6 percent of the Immofinanz shares from RPPK. Overall, CPI would then hold 32 percent of Immofinanz. The purchase agreement and the takeover will depend on the takeover authorities in Austria, Germany, the Czech Republic, Hungary, Poland, Romania, Serbia and Slovakia.
The CPI is controlled by Radovan Vitek, the second richest Czech, whose fortune is estimated at nearly 5 billion dollars (4.1 billion euros). So far, his son Radovan Patrick Vitek has acted as an investor at Immofinanz.
Source: Nachrichten
