Last week, Vítek’s company owned 35.5 percent of Immofinanz shares when it reached an agreement with the Petrus Advisers fund and took over its share of 6.81 percent. She has now signed a contract with S Immo. It will transfer its share 12.69 percent, so CPIPG has secured 48.18 percent of Immofinanz shares. The CPIPG stated this in its ruling today communication.
–
The agreement also applies to all shares that the CPIPG can still acquire through its partial share repurchase offer. The Czech company offered 23 euros for one share with a dividend.
–
Immofinanz is a major owner of quality commercial real estate. In addition to Austria, it also has realities in other Central European countries, where CPIPG also has a strong presence. These are Germany, the Czech Republic, Poland and Hungary. Vítek’s son Radovan Patrick Vítek has worked as an investor at Immofinanz.
–
CPI Property Group is headquartered in Luxembourg and its shares are traded on the Frankfurt Stock Exchange. Own real estate in the Czech Republic, Hungary, Poland, Slovakia, Croatia, Switzerland, France, Romania, Russia and Britain. Vítek owns 87.8 percent of CPI Property Group. According to Forbes magazine, he is one of the eight Czech dollar billionaires. Last week, the Czech Office for the Protection of Competition (ÚOHS) authorized Vítek’s company to take over the Austrian Immofinanz.
—
