Article Tools

Russian Investor Boris Mints to Launch Tender Offer for 10 Pct of CA Immo Shares

Published: November 28, 2014; 18:30 · (FriedlNews)

O1 Group Limited of Russian investor Boris Mints has made a voluntary partial public takeover offer of 10% of additional CA Immo shares. The offer comprises the purchase of up to 9,735,276 non-par value bearer shares of CA Immo (ISIN AT0000641352), which are admitted to the Official Market on the Vienna Stock Exchange.

Russian Investor Boris Mints to Launch Tender Offer for 10 Pct of CA Immo Shares / Picture: © O1 Group

Listed property group CA Immo saw a Cypriot group O1 of Russian property investor Boris Mints launch the earlier announced tender offer for CA Immo shares, offering EUR 18.5 (USD 23.7) apiece.

O1 plans to raise the stake in CA Immo to 26 percent from the current 16.15 percent, under the offer.

The offer will run until February 6, 2015.

The price of EUR 18.5 is some 18 percent above the close on October 2, the last trading day before the initial offer announcement.

If O1 manages to buy the whole targeted stake, it will pay some EUR 180 million.

About Boris Iosifovich Mints

Mr. Boris Iosifovich Mints, Ph.D. serves as the President of OTKRITIE Financial Corporation and OOO FK Otkrytiye.

Mr. Mints founded O1 group in 2004. He founded O1 Properties in 2010.

He served as Member of Managing Board at OTKRITIE Financial Corporation.

Mr. Mints served as Vice-Mayor of Ivanovo from 1990 to 1994, Head of Chief Directorate of the State Property Ministry of the Russian Federation from 1994 to 1996, Head of the Presidential Administration on issues regarding local authority from 1996 to 2000, and a General Director of Media Holding REN TV from 2001 to 2003.

Mr. Mints was also the Chief Executive Officer at REN TV media holding. From 1990 to 2001, he worked in municipal and government establishments and succeeded in politics. He serves as the Chairman of the Board of Directors at O1 Group. He served as the Chairman of the Board at OTKRITIE Financial Corporation from 2004 to 2013.

Mr. Mints serves as a Director of the Russian Union of Industrialists and Entrepreneurs. He serves as Director of Open Joint Stock Company RusNano. Mr. Mints is a Member of Management Board of Russian Union of Industrialists and Entepreneurs.

He served as Director of OTKRITIE Financial Corporation since 2004 and Joint Stock Company Russian Grids since December 30, 2008. He is a Class 1A Actual State Counselor of the Russian Federation.

Mr. Mints graduated from the Physical Faculty of Ivanovo State University with specialization in Mathematical Physics and a PhD in Engineering Sciences.