on GSG GROUP S.A. (ETR:O5G)
CPI Property Group Signs Letter of Intent for Czech Portfolio Sale
CPI Property Group S.A. (CPIPG) announced a signed letter of intent for the sale of its Czech residential portfolio. The agreement involves transferring ownership from CPI a.s., a CPIPG subsidiary, to CPI Europe (CPIE). This portfolio, comprising approximately 12,000 apartments, was valued at €891.6 million in the first half of 2025.
The transaction is contingent upon due diligence and other standard closing conditions. CPIPG anticipates concluding the deal within several weeks, citing mutual benefits for the involved companies. Forward-looking statements are present, indicating potential risks and uncertainties that could impact these projections.
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