On 23 February 2004, Cologne-based Bankhaus Sal. Oppenheim jr. & Cie KgaA has become the major shareholder of IVG Immobilien AG, holding 25.1% of the company´s shares. The acquisition is conditional upon regulatory approvals. HSH Nordbank AG has taken over further 11.16%.
The free float has been increased to significantly more than 50%.
The former shareholder WCM has completely dropped out.
'With this, IVG has received new shareholders who provide a solid capital basis as well as extensive real-estate know-how. They will accompany IVG in its successful pan-European strategy as a listed real-estate company', commented Eckart John von Freyend, CEO of IVG.