Research (J&T BANKA)
Czech markets  |  February 11, 2013 09:17:16

Orco sold 837,000 of its own shares for 2.69 euros and other assets for 8.7 million euros


Orco announced on Friday that between 1.1 up to 8.2 2013 sold 837 thousand. own shares at an average price of € 2.69. At present no should hold only about 100 thousand. treasury shares, and any selling pressure should thus be limited.

iPoint.cz In addition to selling its own shares Orco also announced the sale of assets of the Endurance Real Estate Fund (Office of the Sub-fund), and that J & T Banka as for 8.7 million euros, with effect from 4February this year. Part of the Endurance Real Estate Fund Office sub-fund has a capital of EUR 153.8 million and the current LTV is 65%. The fund's portfolio includes office buildings of class A and B in the major cities of Central and Eastern Europe.

Josef Novotny

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Orco prodalo 837 000 vlastních akcií za 2,69 EUR a další majetek za 8,7 mil.EUR

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