- 14.03.2016, 07:30:49
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- OTS0004 OTW0004
IFM Global Infrastructure Fund: Public Offer to increase minority stake in Vienna Airport (Flughafen Wien AG)
Wien (OTS) - The IFM Global Infrastructure Fund ("IFM GIF") intends
to launch a voluntary public offer pursuant to section 4 et seq of
the Austrian Takeover Act (Übernahmegesetz) to increase its
non-controlling minority stake by up to 10.0% to up to 39.9% of the
share capital in Vienna Airport (Flughafen Wien AG) (ISIN
AT0000911805) through its indirect subsidiary, Airports Group Europe
S.à r.l. ("Airports Group Europe"). Airports Group Europe acquired
its non-controlling stake of 29.9% in Vienna Airport (Flughafen Wien
AG) by means of a public voluntary offer pursuant to section 4 et seq
of the Austrian Takeover Act in 2014.
The vast majority of investors in IFM GIF are institutional pension
funds investing on behalf of millions of individual workers, spread
over multiple jurisdictions including Australia, the United Kingdom,
Continental Europe, the United States and Canada. The principal
advisor of IFM GIF is IFM Investors Pty Limited ("IFM Investors").
The price per share will amount to EUR 100 (one hundred Euro) and
represents a premium of 20.9% over the closing share price of Friday,
March 11, 2016 and a premium of 24.2% over the 1-month
volume-weighted average price (VWAP).
To the knowledge of Airports Group Europe, the State of Lower Austria
and the City of Vienna, acting as a syndicate, together hold 40.0% of
the share capital of Vienna Airport (Flughafen Wien AG), which
exempts Airports Group Europe and any other person from the
obligation to launch a mandatory takeover offer pursuant to section
22 of the Austrian Takeover Act provided that such person does not
hold more voting rights than the syndicate shareholders (section 24
of the Austrian Takeover Act), even if the control threshold of 30.0%
is exceeded.
The offer will be published in accordance with the Austrian Takeover
Act provided that the publication is not prohibited by the Takeover
Commission. The offer will also be acceptable in the United States.
This announcement neither constitutes an offer of shares nor a
solicitation or invitation to offer shares in Vienna Airport
(Flughafen Wien AG).
Nomura is acting as financial advisor and Eisenberger & Herzog
Rechtsanwalts GmbH is acting as Austrian legal advisor to Airports
Group Europe.
For further Information
For further inquiries regarding the offer please contact
Ecker & Partner, Öffentlichkeitsarbeit und Public Affairs GmbH
Mag. Nicole Bäck-Knapp, MSc
Goldeggasse 7/ Hoftrakt, 1040 Wien
Tel.: + 43 (0) 1 / 599 32 – 47 mobile: +43 (0) 699 15909094 Email:
[email protected]
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. The
principal advisor of IFM GIF is IFM Investors.
About Airports Group Europe
Airports Group Europe is a Luxembourg domiciled limited liability
company, registered 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, as manager or advisor
of multiple funds, has been involved in the funds’ investments in 16
different airports in Australia, the United Kingdom, Austria, Malta
and Slovakia.
www.ifminvestors.com
Vienna, March 14, 2016
Airports Group Europe S.à r.l.
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