February 14, 2020 / 12:36 AM / 14 days ago

Real estate group Covivio launches takeover offer for Germany's Godewind

Feb 13 (Reuters) - French real estate group Covivio SA said on Thursday it will launch a takeover offer for all shares of German peer Godewind Immobilien AG.

The company has offered each shareholder of Godewind 6.40 euros ($6.94) per share in cash, according to its statement.

Covivio also said it has secured up to about 35% of Godewind’s fully diluted share capital and the deal will be conducted through its wholly-owned indirect subsidiary Covivio X-Tend AG.

“Following the closing of this major investment, the company will have critical mass in the German office real estate market with a total portfolio of 2.1 billion euros ($2.27 billion),” the firm said in its statement. ($1 = 0.9227 euros) (Reporting by Ann Maria Shibu in Bengaluru; editing by Uttaresh.V)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below