Having taken over GSG Group (former Orco Germany) two month ago, the Czech billionaire Radovan Vítek plans to continue his expansion by acquiring a 17 percent share in Austrian developer CA Immobilien Anlagen (CA Immo). The server ihned.cz writes that the share has been offered for sale by Austrian UniCredit Bank.
GSG Groups’ CEO Martin Němeček told the server that the company is looking for further opportunities and is considering another placement of Orco Germany bonds or shares or a financial partnership as it needs €1bn to finance expansion. CA Immo, based in Vienna, owns real estate assets around the region, including Danube House in Prague Karlín and Diplomat Office Center in Pilsen.
