conwert Immobilien Invest SE

EANS-Adhoc: conwert Immobilien Invest SE
Successful takeover: conwert now holds 87.2% in ECO Business-Immobilien AG

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02.08.2010

Successful takeover: conwert now holds 87.2% in ECO Business-Immobilien AG

Vienna, 02 August 2010. conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, successfully completed the acceptance period for the voluntary public takeover offer for ECO Business-Immobilien AG on 30 July 2010. An overwhelming majority of the ECO shareholders accepted the offer so that conwert now holds 87.2% in ECO.

By the end of the acceptance period, the offer was accepted for a total of 21,236,065 ECO shares (approx. 62.3% of the share capital). The minimum acceptance threshold of more than 50% of the remaining ECO shares (i.e. 12,690,043 ECO shares) was thus exceeded by far. Taking into account the ECO shares that conwert held prior to the takeover offer, conwert now owns 29,726,965 ECO shares (roughly 87.2% of the share capital). The other conditions precedent have also been fulfilled; therefore the offer has been successful.

Johann Kowar, Chairman of the Executive Board of conwert Immobilien Invest SE: "The excellent acceptance rate shows that our offer is highly attractive. The acceptance of our offer was an important prerequisite to enhancing ECO´s value. We will now implement this strategy consistently in the interest of all shareholders."

For all owners of ECO shares who have not accepted the takeover offer to date, the acceptance period of the public takeover offer will be extended by three months in accordance with § 19 para. 3 ÜbG (Takeover Act). This extension will therefore end on 3 November 2010, so that the takeover offer can still be accepted up to and including 3 November 2010, 17:00, Vienna local time.

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ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
conwert Immobilien Invest SE,
Elisabeth Klinger, Corporate Communications,
T +43 / 1 / 521 45-280,
E klinger@conwert.at

Metrum Communications GmbH,
Roland Mayrl,
T +43 / 1 / 504 69 87-331,
E r.mayrl@metrum.at

Branche: Real Estate
ISIN:      AT0000697750
WKN:        069775
Index:    WBI
Börsen:  Wien / official market



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