According to the company’s announcement, Atrium shareholders approved the merger transaction between Atrium and the company’s subsidiary by a majority of approximately 97% of the shareholders who attended the meeting, as well as a majority approval of approximately 72% of the minority shareholders who attended the meeting.
The announcement today reaches the country that in recent months the company has announced its renewed intention to acquire all Atrium shares (75%) and in effect delete it from trading in Vienna. In August, the company signed a final agreement to purchase the remaining 25% of atrium shares it does not own at a price of 3.63 euros per share, and about 376 million euros (about 1.3 billion shekels).
Atrium is an income-producing real estate company in Poland, the Czech Republic, Russia and Slovakia and about 55% of the portfolio’s assets are in Warsaw and Prague, renting apartments to private individuals. The occupancy rate at the end of the second quarter of the year was 92.2%. A year and a half ago, the company entered the field of rental housing and in the latest report reported that it has rights to build 2,000 apartments above and near commercial properties it owns in major cities in Poland, and another 2,000 apartments in actual transactions for the purchase of existing properties or under construction.
The company ended the third quarter of 2021 with a net profit of NIS 207 million (1.36 per share), compared to NIS 23 million (NIS 0.15 per share) in the corresponding quarter last year. The FFO increased in the quarter by about 73%, and amounted to about NIS 107 million. The NOI increased by 5.3% in the quarter compared to the corresponding quarter last year and amounted to NIS 300 million.
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