DGAP-News 356 0 Kommentare CPI PROPERTY GROUP - Acquisition of Major Stake in Suncani Hvar

DGAP-News: CPI PROPERTY GROUP / Key word(s): Acquisition
CPI PROPERTY GROUP - Acquisition of Major Stake in Suncani Hvar

20.05.2016 / 17:32
The issuer is solely responsible for the content of this announcement.

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CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

PRESS RELEASE
Luxembourg, 20 May 2016

CPI PROPERTY GROUP - Acquisition of Major Stake in Suncani Hvar

CPI PROPERTY GROUP announces an indirect acquisition of major stake in
Suncani Hvar, d.d., a hotel company operating on the Island of Hvar,
Croatia. On 19 May 2016 CPI PROPERTY GROUP acquired a company, which holds
approximately 62% participation in the shareholding of Suncani Hvar. The
acquired holding company is a bidder in the mandatory takeover procedure
aimed at the acquisition of all shares in Suncani Hvar. For more details
about Suncani Hvar portfolio please visit www.suncanihvar.com.

For further information please contact:

Kirchhoff Consult AG
Andrew Stammler
Herrengraben 1
20459 Hamburg
T +49 40 60 91 86 34
F +49 40 60 91 86 60
E andrew.stammler@kirchhoff.de

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20.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: CPI PROPERTY GROUP
40, rue de la Vallée
L-2661 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 264 767 1
Fax: +352 264 767 67
E-mail: contact@cpipg.com
Internet: www.cpipg.com
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Dusseldorf, Stuttgart

End of News DGAP News Service
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465543 20.05.2016