IMMOFINANZ AG (WBAG : IIA) entered into a share purchase agreement to acquire additional 24.54% stake in S IMMO AG (WBAG : SPI) from CPI Property Group S.A. (XTRA : O5G) for approximately €340 million on December 19, 2022. Pursuant to this transaction, IMMOFINANZ will acquire 17,305,012 additional shares increasing its ownership in S IMMO to more than 50%. The transaction will be financed through a long-term credit facility provided to IMMOFINANZ by CPIPG. The closing of the transaction will take place before the end of 2022. The transaction will be value accretive. Barclays PLC acted as financial advisor for CPI Property Group S.A.

IMMOFINANZ AG (WBAG : IIA) completed the acquisition of an additional 24.54% stake in S IMMO AG (WBAG : SPI) from CPI Property Group S.A. (XTRA : O5G) for approximately €340 million on December 27, 2022.