CPI PROPERTY GROUP and IMMOFINANZ AG - Framework agreement to review further integration

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

Luxembourg, 23 July 2024

CPI PROPERTY GROUP announces the signing of a framework agreement between CPI PROPERTY GROUP and IMMOFINANZ AG, enabling the two groups to initiate a process to examine the feasibility, advantages and disadvantages of a potential business combination, cross-border merger or other form of integration or combination of assets, functions and key corporate entities of the two groups with the aim of optimising the group's capital structure to capture both operating and cost efficiencies for the benefit of all stakeholders.

Notifying Person:

David Greenbaum, d.greenbaum@cpipg.com