IVG welcomes new shareholders

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.

Source: IVG

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