• 01.04.2016, 07:29:11
  • /
  • OTS0002 OTW0002

IFM GIF: Takeover Commission approves publication of public offer for the increase of the minority stake in Flughafen Wien AG

Vienna (OTS) -

• Airports Group Europe S.à r.l. offers shareholders EUR 100 per
share from 1 April 2016 until 28 April 2016

• Intended increase of the minority stake by up to 10.0%

Airports Group Europe S.à r.l. ("Airports Group Europe"), an indirect
subsidiary of IFM Global Infrastructure Fund ("IFM GIF"), has today,
1 April 2016, published a public voluntary offer pursuant to §§ 4 et
seq of the Austrian Takeover Act (Übernahmegesetz) addressed to the
shareholders of Flughafen Wien AG (ISIN AT0000911805). The offer aims
at the increase of the minority stake by up to 10.0% for a price of
EUR 100 per share. This corresponds to a premium of 20.9% compared to
the closing price of the last trading day prior to the announcement
of the intention to launch the offer (11 March 2016) and a premium of
24.2% compared to the volume weighted average price (VWAP) of the
last month prior to the announcement. The offer can be accepted by
interested shareholders until 28 April 2016, 3:00pm (Vienna time).

"We are delighted that the Takeover Commission has agreed to the
publication of our offer to increase our minority stake in Flughafen
Wien by up to 10.0%" states Werner Kerschl, Investment Director of
IFM Investors. "The excellent work of the management team and
supervisory board, as well as the successful implementation of the
strategy have convinced us to pursue this step. Another reason for
our decision is the successful regional economic policy of the State
of Lower Austria and the City of Vienna. These include the
improvements of transport links and the tourism initiative."
Airports Group Europe acquired a minority stake of 29.9% in Flughafen
Wien AG through a public voluntary offer pursuant to §§ 4 et seq of
the Austrian Takeover Act (Übernahmegesetz) in 2014.

Details of the Offer

The aim of the offer is to purchase up to 2,100,000 ordinary bearer
shares in Flughafen Wien AG, which are admitted to trading in the
"Prime Market" segment of the official market (amtlicher Handel) of
the Vienna Stock Exchange under ISIN AT0000911805, which in total
corresponds to 10.0% of the entire registered capital of Flughafen
Wien AG. The price per share will amount to EUR 100 cum dividend
2015.

This offer can also be accepted in the United States of America.

This offer can be accepted by interested shareholders of Flughafen
Wien AG during the acceptance period, from Friday, 1 April 2016 until
and including Thursday, 28 April 2016, 15.00 (Vienna time), which
corresponds to an acceptance period of twenty (20) trading days.

The offer document is published on the websites of Flughafen Wien AG
(www.viennaairport.com) and of the Takeover Commission
(www.takeover.at) and will be available in the form of a prospectus
at the corporate seat of Flughafen Wien AG, Flughafen, 1300
Wien-Flughafen, and at UniCredit Bank Austria AG, acting as the
receiving and payment agent, Schottengasse 6-8, 1010 Vienna, during
normal office hours, free of charge.

Nomura is acting as financial advisor while Eisenberger & Herzog
Rechtsanwalts GmbH is acting as Austrian legal advisor.

About IFM GIF

IFM GIF is a perpetual open-ended unit trust which continually raises
new capital from institutional investors. IFM GIF's open-ended
structure allows for long-term investments in line with the long-term
investment horizons of its institutional pension fund investors. IFM
GIF is advised by IFM Investors Pty Limited ("IFM Investors").

About Airports Group Europe

Airports Group Europe is a limited company registered in Luxembourg
under B 167449.

About IFM Investors

IFM Investors is one of the largest global infrastructure investment
managers with EUR 20.5 billion (as at 31 December 2015) invested
across a range of infrastructure assets. IFM Investors, domiciled in
Australia, is a long-term investment manager which is ultimately
owned by 29 not-for-profit Australian pension funds. IFM Investors
has significant experience in working alongside municipalities and
public entities. IFM Investors' expertise includes different classes
of infrastructure such as pipelines, electricity transmission
systems, seaports and airports. IFM Investors has been involved, as
manager or advisor of multiple funds, in their investments in 16
different airports in Australia, the United Kingdom, Austria, Malta
and Slovakia.

www.ifminvestors.com

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