APA ots news: IFM GIF: Takeover Commission approves publication of public offer for the increase of the minority stake in Flughafen Wien AG
Vienna (APA-ots) -
Airports Group Europe S.à r.l. offers shareholders EUR 100 per share from 1 April 2016 until 28 April 2016
Intended increase of the minority stake by up to 10.0%
Airports Group Europe S.à r.l. ("Airports Group Europe"), an indirect subsidiary of IFM Global Infrastructure Fund ("IFM GIF"), has today, 1 April 2016, published a public voluntary offer pursuant to §§ 4 et seq of the Austrian Takeover Act (Übernahmegesetz) addressed to the shareholders of Flughafen Wien AG (ISIN AT0000911805). The offer aims at the increase of the minority stake by up to 10.0% for a price of EUR 100 per share. This corresponds to a premium of 20.9% compared to the closing price of the last trading day prior to the announcement of the intention to launch the offer (11 March 2016) and a premium of 24.2% compared to the volume weighted average price (VWAP) of the last month prior to the announcement. The offer can be accepted by interested shareholders until 28 April 2016, 3:00pm (Vienna time).
"We are delighted that the Takeover Commission has agreed to the publication of our offer to increase our minority stake in Flughafen Wien by up to 10.0%" states Werner Kerschl, Investment Director of IFM Investors. "The excellent work of the management team and supervisory board, as well as the successful implementation of the strategy have convinced us to pursue this step. Another reason for our decision is the successful regional economic policy of the State of Lower Austria and the City of Vienna. These include the improvements of transport links and the tourism initiative." Airports Group Europe acquired a minority stake of 29.9% in Flughafen Wien AG through a public voluntary offer pursuant to §§ 4 et seq of the Austrian Takeover Act (Übernahmegesetz) in 2014.
Zwtl.: Details of the Offer
The aim of the offer is to purchase up to 2,100,000 ordinary bearer shares in Flughafen Wien AG, which are admitted to trading in the "Prime Market" segment of the official market (amtlicher Handel) of the Vienna Stock Exchange under ISIN AT0000911805, which in total corresponds to 10.0% of the entire registered capital of Flughafen Wien AG. The price per share will amount to EUR 100 cum dividend 2015.
This offer can also be accepted in the United States of America.
This offer can be accepted by interested shareholders of Flughafen Wien AG during the acceptance period, from Friday, 1 April 2016 until and including Thursday, 28 April 2016, 15.00 (Vienna time), which corresponds to an acceptance period of twenty (20) trading days.
The offer document is published on the websites of Flughafen Wien AG (www.viennaairport.com) and of the Takeover Commission (www.takeover.at) and will be available in the form of a prospectus at the corporate seat of Flughafen Wien AG, Flughafen, 1300 Wien-Flughafen, and at UniCredit Bank Austria AG, acting as the receiving and payment agent, Schottengasse 6-8, 1010 Vienna, during normal office hours, free of charge.
Nomura is acting as financial advisor while Eisenberger & Herzog Rechtsanwalts GmbH is acting as Austrian legal advisor.
Zwtl.: About IFM GIF
IFM GIF is a perpetual open-ended unit trust which continually raises new capital from institutional investors. IFM GIF's open-ended structure allows for long-term investments in line with the long-term investment horizons of its institutional pension fund investors. IFM GIF is advised by IFM Investors Pty Limited ("IFM Investors").
Zwtl.: About Airports Group Europe
Airports Group Europe is a limited company registered in Luxembourg under B 167449.
Zwtl.: About IFM Investors
IFM Investors is one of the largest global infrastructure investment managers with EUR 20.5 billion (as at 31 December 2015) invested across a range of infrastructure assets. IFM Investors, domiciled in Australia, is a long-term investment manager which is ultimately owned by 29 not-for-profit Australian pension funds. IFM Investors has significant experience in working alongside municipalities and public entities. IFM Investors' expertise includes different classes of infrastructure such as pipelines, electricity transmission systems, seaports and airports. IFM Investors has been involved, as manager or advisor of multiple funds, in their investments in 16 different airports in Australia, the United Kingdom, Austria, Malta and Slovakia.
www.ifminvestors.com
Rückfragehinweis: For Further Information
Ecker & Partner Öffentlichkeitsarbeit und Public Affairs GmbH
Mag. Nicole Bäck-Knapp, MSc Goldeggasse 7/ Hoftrakt, 1040 Vienna Tel.: + 43 (0) 1 / 599 32 - 47 Mobil: +43 (0) 699 15909094 Email: n.baeck@eup.at
Digitale Pressemappe: http://www.ots.at/pressemappe/17085/aom
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