IMMOFINANZ Group welcomes the partial indictment against the Chief Executive Officer of Constantia Private Bank AG and IMMOFINANZ, Karl Petrikovics, and other involved parties. Eduard Zehetner, Chief Executive Officer of IMMOFINANZ Group: "We are very pleased that the public prosecutor has now issued a partial indictment in connection with the stock option transactions of the previous management over the years 2004 to 2006. We are convinced that the trial will expose the "self-service store" of Petrikovics. IMMOFINANZ and IMMOEAST – now both merged into the IMMOFINANZ Group – were victims of this system along with shareholders. The money of IMMOFINANZ was constantly used for speculative transactions within the former Constantia Privatbank. It is important for us to emphasize that Karl Petrikovics undertook all of his activities as Executive Board member of Constantia Privatbank and used IMMOFINANZ simply as a vehicle for this self-service store."
On IMMOFINANZ Group
IMMOFINANZ Group is one of the five largest listed property companies in Europe and is included in the leading ATX index of the Vienna Stock Exchange. Since its founding in 1990, the company has compiled a high-quality property portfolio that now comprises more than 1,600 standing investment properties with a carrying amount of approx. EUR 8.7 billion. The core business of the IMMOFINANZ Group covers the acquisition and the active management of investment properties, the realisation of development projects and the sale of objects. IMMOFINANZ Group concentrates its activities in the retail, office, logistics and residential segments of eight regional core markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia. Further information under www.immofinanz.com.
