In a transaction worth PLN 110.55m, Griffin Real Estate expanded its stake in Echo Investment by 3.8 percent. The price was set at PLN 7 per share in a deal that represents 15,793,434 shares. Earlier this week, Griffin said it intends to replace its representative on Echo’s supervisory board. Sebastian Zilles will replace George Graham. The move must first be approved at a special general shareholders’ meeting next week.
