Intervest announces a conditional voluntary public tender offer on all its outstanding shares by TPG

Press releases
  • 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