Offer at a price of € 21.00 per share in cash provides shareholders with immediate value, representing a 52.2% premium over the closing price on 5 October 2023 and a 52.3% premium over the 3-month VWAP on 5 October 2023
Intervest’s Supervisory Board and Management Board unanimously support and recommend the Offer and believe it is in the best interest of all stakeholders
With support of TPG, Intervest will be more resilient and benefit from a supportive shareholder granting access to additional resources to execute on its strategic plan and achieve long-term and sustainable growth
TPG has filed the Offer through European Real Estate Holdings NV, an entity controlled by TPG Real Estate Partners