The offer has recently been improved. The airport's board of directors still recommends that shareholders not adopt it. The price is too low.
The IFM Group wants to take over around ten percent of the Flughafen Wien shares and thus increase its stake from 40 to almost 50 percent. The offer has recently been improved. The airport's board of directors still recommends that shareholders not accept the offer. The current price of 34 euros per share is also too low. In addition, a further reduction in the free float could result in the airport no longer being listed on the stock exchange.
The increase in the offer price is also accompanied by a later payment. Shareholders who accepted the first offer – for EUR 33 at the time – can now object to the changes until October 6, which will lead to their withdrawal from the offer, Vienna Airport reminded them in a broadcast on Monday.
Overall, the published changes to the IFM Group's partial offer would bring "no significant improvements for shareholders", which is why the negative assessment of the Management Board does not change. The Airport Board of Management points out that the company is completely debt-free and is showing good figures - among other things, the guidance for the current annual result was recently increased from over 100 to over 115 million euros.