on GSG GROUP S.A. (ETR:O5G)
CPI Property Group Announces Delisting and Squeeze Out of NEXT RE Shares
On June 5, 2026, CPI Property Group S.A. announced the delisting and squeeze out procedure concerning NEXT RE SIIQ S.p.A.'s shares. This communication follows the voluntary takeover offer that aimed at acquiring up to 4,413,586 ordinary shares of NEXT RE, as per the Offer Document dated April 17, 2026.
The revocation from trading of NEXT RE's shares will occur as of June 12, 2026, after trading suspension on June 10 and 11. The Offeror, CPI Property Group, will acquire the remaining 228,076 shares at €3.00 each, completing the squeeze out process as per Italian Financial law (TUF).
Shareholders can receive payments through their Depositary Intermediaries. After a five-year period, the Offeror can reclaim any uncollected sums. This move finalizes CPI Property Group's acquisition strategy, ensuring control over NEXT RE.
R. H.
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