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Euro 23.0 conwert in squeeze out process

Published: August 28, 2017; 08:00 · (Vindobona)

Petrus Advisers represent 2.3% of the shares in conwert Immobilien Invest SE ('conwert'), or 33% of the free float. After scrutinising the Ebner Stolz approach and valuation opinion, Petrus deem Vonovia's squeezeout offer of €17.08 per share (6.2% below current market price) unrealistic. Petrus have refinanced their shareholding while keeping the full improvement rights. Petrus will release the findings of their valuation analysis based on eight years of understanding conwert in detail following the EGM.

Euro 23.0 conwert in squeeze out process / Picture: © Vindobona

Petrus Advisers represent 2.3% of the shares in conwert Immobilien Invest SE ('conwert'), or 33% of the free float. After scrutinising the Ebner Stolz approach and valuation opinion, Petrus deem Vonovia's squeezeout offer of €17.08 per share (6.2% below current market price) unrealistic. Petrus have refinanced their shareholding while keeping the full improvement rights. Petrus will…

This article includes a total of 181 words.

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