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Echo investors consider their options

Eurobuild CEE 15 March 2019
Echo investors consider their options
Echo's Towarowa 22 project in Warsaw as presented during the MIPIM 2019 real estate fair in Cannes

POLAND Echo Investment has announced that its largest shareholders, Lisala and Echo Partners (both subsidiaries of Griffin Real Estate, Oaktree and Pimco), are re-considering their interest in the listed development company.

“Lisala and Echo Partners have decided to undertake a review of the potential strategic options in relation to their investment in the company and the further development of the company’s business. It cannot be ruled out that as part of the process, to the extent permitted under the relevant law, additional information about the company and its parent group will be disclosed to selected entities. The review of strategic options may result in taking and implementing various types of actions and transactions, including those of a corporate nature. However, it could also be decided that no such action or transaction will be taken or implemented,” reads an Echo Investment stock exchange announcement.

Both Echo Investment and the consortium that controls it have refused to add to this statement.

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