The IMMOFINANZ Board of Directors believes that the company’s share price of EUR 21.2 per share proposed by CPI Property Group is too low and advises its shareholders not to accept the offer, IMMOFINANZ said in a press release.
“Management and the Supervisory Board welcome the CPI Property Group’s (CPIPG) intention to benefit from the company’s attractive growth potential and support the development and expansion of IMMOFINANZ as a long-term major shareholder. “States in the press release.
On December 3, CPI Property Group announced an offer to purchase all IMMOFINANZ shares for EUR 21.2 per share.
