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 . . .
------------------------------------------------------------------------------
Subscriber content
Archival content is available to subscribers only. If you have a membership subscription and are are experiencing issues logging in, please try the login below:
If you're interested in reading further, why not gain full access to the archives by subscribing?
Order your subscription here and we'll send you an invoice.
Annual memberships (€100/yr) can also be paid for by credit card, or you can pay month-to-month by clicking here.
