Massive Dispute at Conwert

Professional ServicesReal Estate ♦ Published: April 15, 2014; 12:50 ♦ (Vindobona)

The Austrian real estate group faces troubles: representatives of small shareholders want to join the administrative council. Major shareholder Hans Peter Haselsteiner wants to dispatch his own representatives.

Tensions at the Vienna-listed real estate group / Picture: © Conwert

Together with the German real estate manager Peter Hohlbein, the Austrian investor Alexander Proschofsky wants to become a member of conwert´s administrative council.

The news agency Reuters reported that Proschofsky has already submitted a nomination proposal to conwert. On 7 May, conwert will hold its next annual general meeting. As a result, both Proschofsky and Hohlbein will…