On 3 December, CPI Property Group (CPIPG) announced its intention to launch an anticipatory mandatory takeover offer for all outstanding shares and convertible bonds of IMMOFINANZ AG. Shareholders are to be offered EUR 21.20 in cash per IMMOFINANZ share on a cum dividend basis.
Wolf Theiss is advising CPI Property Group (CPIPG) on all takeover law aspects regarding the public tender offer and on the (conditional) acquisition of a 10.6 % stake in IMMOFINANZ from RPPK Immo GmbH.
Completion of the share purchase agreement between CPIPG and RPPK Immo GmbH and the public takeover offer will be subject to merger control clearance by the competent competition authorities.
In addition, Wolf Theiss has advised CPIPG on all Austrian law aspects of a EUR 2.5 bn bridge loan facility for financing the transaction and is lead counsel to CPIPG for obtaining merger control clearance.
Under the lead of Florian Kusznier (Partner, Co-Head Corporate/M&A), the core Wolf Theiss team further comprises of Claus Schneider (Partner, Banking & Finance), Christopher Jünger (Senior Associate, Corporate/M&A), Stefan Wartinger (Counsel, Competition & Antitrust) and Sophie Weber (Associate, Competition & Antitrust). The core team is further supported by a broad team of Wolf Theiss experts from the firm’s international offices.