Press Release
Luxembourg, 29 June 2018
ORCO PROPERTY GROUP - Intragroup Transaction
ORCO PROPERTY GROUP (the "Company") announces that it transferred 80% stake in Bubny Development, s.r.o., a vehicle holding the Bubny land plots in Prague, to GSG Europa Beteiligungs GmbH ("GSG Europa").
The Company will continue to consolidate and manage Bubny Development, s.r.o. Both the Company and GSG Europa belong under the consolidation of CPI PROPERTY GROUP. The disposal price in this intragroup transaction price was based on the IFRS NAV value.
For more information, visit www.orcogroup.com
ORCO PROPERTY GROUP
40, rue de la Valleé, L-2661 Luxembourg
