Intervest O&W - TPG now owns 95.95%, termination of coverage
TPG now owns 95.95% of INTO's shares following the completion of the Subsequent Acceptance Period. Payment for the shares will take place on 18 April. As a result, TPG meets the conditions to launch a simplified squeeze-out offer which will run between 4 and 25 April 2024. The bid price under the squeeze-out will be reduced by the total gross dividend amount per share (before tax deductions). INTO's shares will be delisted from Euronext Brussels on 25 April 2024.Following the reaching of the conditions for a squeeze-out procedure and a definitive date for a delisting, we terminate our coverage ofIntervest Offices & Warehouses is a Belgian property investment fund. Co. specializes in investments in office buildings and semi-industrial properties situated on locations outside municipal centres. Co.'s business properties are located on the Antwerp-Brussels axis. Its activities can be divided into two business segments: Offices segment which includes the properties that are let to companies for professional purposes as office space; and Semi-industrial buildings segment which includes those premises with a logistical function, storage facilities and high-tech buildings. At Dec 31 2010, Co.'s portfolio consists of 69% in offices buildings and 31% in semi-industrial buildings.
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