Vladimír Urbánek (Kurzy.cz)
Czech markets  |  January 17, 2013 08:49:36

Orco CEO Ott purchased within 2 days 8.43% stake in the company, another significant shareholder its share fell below 2.5%


Orco yesterday reported that its CEO Jean-Francois Ott bought 10th - 11.1 over his company Stationway Properties Limited 8.43% of the shares of the company. Overall, Ott now holds 8.93% of the company.


OPG also informed that on 15 January next shareholder Maple Leaf Macro Volatility Master Fund decreased its stake below 2.5% (Bloomberg).

Increase the proportion of CEO Otto perceived as part of the fight to take control of the company Orco.
Billionaire Radovan Vitek recently through its two subsidiaries purchased nearly 30% stake in Orco and suggested reduction in the nominal value of shares from € 4.1 to € 2. The reason for this reduction is likely to attempt to issue new shares below the original face value.

Josef Novotny

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Orco: CEO Ott koupil během 2 dnů 8,43% akcií firmy, další významný akcionář svůj podíl snížil pod 2,5%

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