The Australian fund IFM, which previously held just under 40 percent in Vienna Airport, has increased its stake through acquisitions on the market and must therefore now make a mandatory offer for all shares in the airport. According to Werner Kerschl, executive director of IFM Investors, the acquisition should only be seen as a vote of confidence in the airport and not as an attempted takeover.
IFM is offering EUR 33.00 per share, a 25.5 percent premium to the closing price of the last trading day prior to this announcement (June 10, 2022) and a 21.3 percent premium to the last volume weighted average price (VWAP). months before the announcement.
The Takeover Board still needs to approve the mandatory offer before it becomes effective. The Flughafen Wien share price rose by 24 percent to EUR 32.60 after the announcement.
Source: Krone
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