PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Orco founder Ott sees stake cut as shares sold after 90% price fall
Orco Property Group's founder and President Jean-Francois Ott said last week that his investment vehicle Ott & Co. has reduced its stake in the property developer to 1.6% from 10%. An emailed statement from the Czech-based listed company said the bank that financed Ott & Co. has been obliged to sell Orco shares after a 90% fall in value since the start of the year.