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 shareholders call for replacement of CEO Ott
A group of disgruntled shareholders in troubled CEE listed developer Orco Property Group has called for the replacement of chairman and founder Jean-Francois Ott. Former Paris commercial court president Jean-Pierre Mattei represents the group, which owns over 10% of voting rights. Mattei has called for a shareholders meeting to oust Ott for failing to cut Orco's debt of over e1.6bn. The group wants to cut debt by at least 25%.