UniCredit Bank Austria sold nearly 16 million of its shares in CA Immo to O1 Group Limited for €295m. The deal is expected to close in November. Local antitrust regulators must approve the deal.
“At the same time, O1 has informed CA Immo that it intends to launch directly or through one of its affiliates, a voluntary public takeover bid to the shareholders of CA Immo (save for UniCredit) for up to such a number of ordinary shares to arrive, together with the ordinary shares to be acquired from UniCredit, at a total shareholding in CA Immo corresponding to 26 percent of all outstanding shares at the time of the launch of the voluntary takeover bid, subject to the successful closing of the transaction with UniCredit,” the company wrote in a statement. The asking price has been set at €18.5 per share, which is exactly what O1 Group Limited paid to UniCredit.
CA Immo’s income generating portfolio in Poland includes six office and industrial assets: Europolis Park Blonie (176,000 sqm), Europolis Park Poland Central (75,000 sqm), Poleczki Business Park Phase I + II (64,000 sqm), Saski Crescent (15,433 sqm), Saski Point (7,992 sqm) and Sienna Centre (19,890 sqm). All the projects are located in Warsaw. The Cyprus-based private holding group O1 controls one of the biggest office portfolios in Moscow. The group is active in the commercial and financial property sectors.
