IVG Immobilien AG (IVG) has acquired the shares held by minority shareholders in its subsidiary IVG Deutschland Immobilien AG by means of a squeeze-out procedure. IVG now holds all the shares of this company. The relevant resolution, which was adopted by a large majority at the Annual General Meeting of IVG Deutschland Immobilien AG on August 28, 2008, was entered in the Commercial Register on March 10, 2009.
The successful integration of IVG Deutschland Immobilien AG will enable IVG to reduce its administrative work and achieve considerable cost savings.
The shareholders will receive cash compensation of 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 AG was delisted on March 10.