March 9, 2016 / 6:43 PM / a year ago

BRIEF-Conwert seeks to buy out other KWG shareholders, plans delisting

March 9 (Reuters) - Conwert Immobilien Invest :

* Conwert will launch a voluntary public tender offer to KWG shareholders in con. with delisting

* Will launch a voluntary offer to acquire up to approx. 13.47 pct of shares from minority shareholders of KWG Kommunale Wohnen AG ("KWG") at a price of 10.80 euros per share

* Conwert is main shareholder of KWG, with a stake of slightly under 80 percent

* Offer will be made in connection with proposed delisting of KWG which is expected to take place on 20 April 2016

* After completion of offer Conwert will own a maximum of 93 percent of KWG's share capital

* On basis of offer price of 10.80 eur per share, conwert is offering a premium of about 5.7 pct compared to closing price of KWG share on 8 March 2016 Further company coverage:

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