bpv Huegel advised IMMOFINANZ on the squeeze-out and delisting of S IMMO

03 December 2024. In October this year, the Shareholders’ Meeting of S IMMO AG resolved upon the squeeze-out of minority shareholders in exchange for cash compensation in accordance with the Austrian Squeeze-out Act. The squeeze-out took effect upon entry in the commercial register on 3 December 2024. The S IMMO shares of the minority shareholders will be transferred to IMMOFINANZ AG as the main shareholder. At the same time, S IMMO's listing on the Vienna Stock Exchange ended.

bpv Huegel advised IMMOFINANZ on the entire squeeze-out process and delisting.

IMMOFINANZ Group is a commercial real estate group whose activities are focused on the office and retail segments of eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. Its core business includes the management and development of real estate. IMMOFINANZ Group owns real estate assets worth around EUR 8.0 billion, which are spread across approximately 470 properties. The company is listed on the Vienna (leading index ATX) and Warsaw stock exchanges. Further information: https://www.immofinanz.com.

The bpv Huegel team was led by Christoph Nauer and Roland Juill (both Corporate/M&A, Capital Markets) and included Barbara Valente (Corporate/M&A, Capital Markets), Nicolas Wolski (Tax Law), Lucas Hora (Tax Law) and Daniel Maurer (Corporate/M&A, Capital Markets).

IMMOFINANZ has engaged PwC Advisory Services GmbH (Viktoria Gass, Matthias Eicher) for the valuation. BDO Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft (Kurt Schweighart and Raffaela Uhl) acted as court appointed expert auditor. S IMMO was advised by DORDA (Christoph Brogyányi and Andreas Mayr).

bpv Huegel’s corporate and capital markets team advised IMMOFINANZ during the squeeze-out process to increase its stake in S IMMO – acquisition of approx. 38% of S IMMO shares from CPI Property Group SA for a purchase price of approx. EUR 608.5 million. Through this transaction, together with the squeeze-out, IMMOFINANZ Group now acquires all shares in S IMMO.