CPI Property Buys Immofinanz Certificates After Drop
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Austrian landlord Immofinanz AG’s majority owner is boosting its investment after a 54% slump since September.
CPI Property Group SA bought about €12.7 million ($13.3 million) worth of long certificates backed by Immofinanz shares, according to a regulatory filing Monday. The notification was made because Immofinanz Co-Chief Executive Officer Pavel Mechura and Supervisory Board Deputy-Chair Martin Matula also hold managerial positions at CPI.