Quantum Strategic Partners Ltd acquires 5% of the share capital of IGD SIIQ
03 März 2014 - 8:39AM
Italian Regulatory (Text)
PRESS RELEASE QUANTUM STRATEGIC PARTNERS LTD., ACQUIRES 5% OF
THE SHARE CAPITAL OF IGD SIIQ SPA
Bologna, 3 March 2014 Â As of 28 February 2014 IGD - Immobiliare
Grande Distribuzione SIIQ S.p.A. has sold to Quantum Strategic
Partners Ltd., a private investment fund managed by Soros Fund
Management LLC, all of its 10,976,592 treasury shares, representing
approximately 3.15% of the share capital.
On the same date, Unicoop Tirreno has sold to the same purchaser
6,423,494 IGD shares. The equity interest held by Unicoop Tirreno,
that continues to be the real estate company's second largest
shareholder, is consequently reduced from 14.9% to approximately
13.1%.
Quantum Strategic Partners Ltd., therefore, has purchased a total
of 17,400,086 IGD shares, representing 5% of the share capital,
becoming the third largest shareholder of the company.
The sale of the treasury shares by IGD is in line with the
2014-2016 Business Plan approved last December and with the
authorization for the sale of treasury shares resolved by IGD's
Annual General Meeting held on 18 April 2013.
The closing of the aforementioned transactions shall take place
within 5 March 2014.
IGD's legal advisor for the transaction was Chiomenti Studio
Legale.
Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main
players in Italy's retail real estate market: it develops and
manages shopping centers throughout the country and has a
significant presence in Romanian retail distribution. Listed on the
Star Segment of the Italian Stock Exchange, IGD was the first SIIQ
(Società di Investimento Immobiliare Quotata or real estate
investment trust) in Italy. IGD has a real estate portfolio valued
at circa 1,891.3 million at 31 December 2013, comprised of, in
Italy, 19 hypermarkets and supermarkets, 19 shopping malls and
retail parks, 1 city center, 4 plots of land for development, 1
property held for trading and an additional 7 real estate
properties. Following the acquisition of the company Winmark
Magazine SA in 2008 15 shopping centers and an office building,
found in 13 different Romanian cities, were added to the portfolio.
An extensive domestic presence, a solid financial structure, the
ability to plan, monitor and manage all phases of a center's life
cycle: these qualities summarize IGD's strong points.
www.gruppoigd.it
CONTACTS INVESTOR RELATIONS CLAUDIA CONTARINI Investor Relations
+39 051 509213 claudia.contarini@gruppoigd.it ELISA ZANICHELI IR
Assistant +39 051 509242
CONTACTS MEDIA RELATIONS IMAGE BUILDING Cristina Fossati, Federica
Corbeddu +39 02 89011300 igd@imagebuilding.it
1
elisa.zanicheli@gruppoigd.it
The press release is available on the website www.gruppoigd.it, in
the Investor Relations section, and on the website
www.imagebuilding.it, in the Press Room section.
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