29 May 2019 – Eje Prime
The French fund Orion European Real Estate has doubled its stake in Neinor Homes in just two months to 11.1%, despite the profit warning issued by the property developer in April.
As such, Orion is now Neinor’s second-largest shareholder, after the Israeli fund Adar Capital, which owns 28.7% of the shares. Other shareholders include Bank of Montreal (5.2%), Julius Baer (6.2%) and King Street Capital (4.1%).
Based on the current share price, Orion’s package of 8.8 million shares in Neinor is worth €95 million.
Original story: Eje Prime
Translation/Summary: Carmel Drake