Resistance is futile…CPI buys S-Immo’s shares in Immofinanz

CPI Immofinanz

Robert McLean

#cee, #proptech, #development a #architecture

In more Czech business mogul news, Radovan Vitek continues to rip up the old order in Vienna with his impressive takeover of Immofinanz. CPI Property Group announced it acquired over 17.5 million additional shares in the company from S-Immo, another Austrian property company. S-Immo had tried to slow the CPI bulldozer by offering to buy up 10% of Immofinanz’s shares. But in the end, it accepted CPI’s offer of €23 per share, 30 cents more than it paid Petrus Advisors in January . . .

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