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Orco finally merged into CPI

Nathan North 29 August 2016

Nathan North

Deputy editor

+48 22 356 25 22
nathan@eurobuildcee.com

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

Orco finally merged into CPI
Orco never recovered from the debt it incurred from its former Złota 44 development in Warsaw
CZECH REPUBLIC CPI Property Group has obtained merger clearance for the acquisition of Orco Property Group from the Czech Office for the Protection of Competition (ÚOHS).
On August 2nd 2016, CPI Property Group filed a request to obtain merger clearance concerning acquisitions made on June 8th 2016, resulting in the obtaining of direct and indirect ownership by CPI Property Group of app. 97.31 pct of the share capital of OPG, a public limited liability company (société anonyme) incorporated under Luxembourg law. CPI, which is owned by Radovan Vítek, has been buying into and restructuring OPG since 2012.

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