28.12.2017

Erste Group sells its stake in S IMMO

Erste Group Bank AG has today sold its 10.21% stake in S IMMO AG and as a consequence no longer holds a stake in the real estate investment company, which has been listed on the Vienna Stock Exchange since 1987.

The around 6.8 million shares were acquired by a subsidiary of the RPR private foundation, which had already been among the largest shareholders in S IMMO AG.

The parties agreed not to disclose the value of the transaction.