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VIENNA and LUXEMBOURG, April 13, 2021 /PRNewswire/ On Monday, 22 February 2021, BidCo published the offer document for an anticipated mandatory takeover offer for all CA Immo shares and convertible bonds that are not held by either BidCo or CA Immo (
Offer ). The acceptance period ended on 9 April.
Until the end of the acceptance period 2,413,980 CA Immo shares were tendered for sale, corresponding to a tender ratio of 3.71% of the CA Immo shares subject to the Offer.
In addition, 811 CA Immo convertible bonds with an aggregate nominal value of EUR 81,100,000 were tendered for sale, corresponding to a tender ratio of 40.55% of the CA Immo convertible bonds.
SOF-11 Klimt CAI S a r l (Bieterin), eine durch die Starwood Capital Group kontrollierte Beteiligungsgesellschaft, gibt das Ergebnis des öffentlichen Übernahmeangebots auf die CA Immobilien Anlagen AG (CA Immo) bekannt
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IMMOFINANZ AG requests convocation of an extraordinary shareholders meeting of S IMMO AG
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March 16 2021
Despite the COVID-19 pandemic, M&A transactions continued to take place in Austria, albeit at a somewhat slower pace, especially at the beginning of the year. According to the M&A Index 2020 published by EY Austria (Ernst & Young Global Limited), the number of transactions with Austrian participation fell from 328 to 275 in 2020 compared to 2019 (minus 16.2%). Transaction volumes, on the other hand, increased slightly by 4.1% from €12.1 billion (approximately $14.5 billion) to €12.6 billion.
The effect of the COVID-19 pandemic on companies are as diverse as the economic sectors in which they operate. The tourism industry, one of the main pillars of the Austrian economy, was hit especially hard by the COVID-19 pandemic. Although the Austrian government reacted quickly in providing substantial state aid packages, the Austrian GDP is estimated to shrink by about 7.1% in 2020 (compared to 1.4% in 2019); only a gradual recovery of about 3.6% is