IVG Immobilien has acquired the shares held by minority shareholders in its subsidiary IVG Deutschland Immobilien by means of a squeeze-out procedure. Germany's largest listed property company said the successful integration of IVG Deutschland Immobilien, based on a shareholder resolution passed in August last year, would enable it to reduce its administrative work and achieve considerable cost savings.
IVG Immobilien has acquired the shares held by minority shareholders in its subsidiary IVG Deutschland Immobilien by means of a squeeze-out procedure. Germany's largest listed property company said the successful integration of IVG Deutschland Immobilien, based on a shareholder resolution passed in August last year, would enable it to reduce its administrative work and achieve considerable cost savings.
The shareholders are to receive cash compensation of EUR 10.77 per share. This figure was determined last spring by a court-appointed expert. The registration had been delayed by legal actions brought by shareholders to stop the squeeze-out. Since then, these disputes have been settled. IVG Deutschland Immobilien was delisted on 10 March.
