News Article Austria career CEE Immofinanz investment
by Property Forum | Investment

Immofinanz CEO Ronny Pecik has signed as agreement to sell his stake in the Austrian company and consequently intends to submit his resignation from Immofinanz’s executive board.

The vehicle Pecik owns, RPR Privatstiftung, has concluded an agreement to sell its stake in RPPK Immo, which holds 10.56% of Immofinanz’s voting rights, to Revenite Austria. The sale is conditional upon the agreement to the transaction by RPPK’s other shareholder, Eurovea which is owned by Peter Korbačka, the founder and CEO of Slovak developer J&T Real Estate. The deal is conditional to this approval being received by 31 March 2021.

Ronny Pecik has been CEO of Immofinanz since April 2020, following his purchase of shares in the company with Peter Korbačka.

Luxembourg-registered Revenite Austria is owned by Aggregate Holdings, a German-focused investor which recently confirmed that it may be considering a potential acquisition of a stake in CA Immo, which may also include launching a partial takeover offer for shares in CA Immo