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Petrus Advisers finalises the sale of its S-Immo stake

Published: August 22, 2017; 17:59 · (Vindobona)

Petrus Advisers ("Petrus") have finalised the sale of their 3.9 percent stake in S Immo AG ("SPI"). With a capital gain for Petrus of 73% in less than 18 months Petrus Advisers views the market dislocation of S-Immo shares of early 2016 as remedied.

Petrus Advisers finalises the sale of its S-Immo stake / Picture: © Vindobona

Petrus Advisers ("Petrus") have finalised the sale of their 3.9 percent stake in S Immo AG ("SPI"). The total investment of Euro 33.5 million last market value was entered into in February 2016 while the share price of SPI prevailed at initially Euro 7.2. The first stake bought was for 2.4 percent of SPI’s share capital. After contacting the responsible board members of SPI’s major…

This article includes a total of 309 words.

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