PRAGUE |
PRAGUE Feb 9 (Reuters) – Orco Property Group’s (ORCO.PA)
(ORCOsp.PR) chief executive bought shares in the company’s
Germany subsidary on the day it announced the sale of a 119
million euro ($162 million) property, a regulatory filing
showed.
Joho Compagnie, a company controlled by Orco chief executive
Jean-Francois Ott, acquired 40,000 shares at 0.59 euro apiece in
Orco Germany (O5G.DE) on Feb. 1.
The stock closed at 0.601 euro on Tuesday.
Regulatory filings this week also showed Ott and a firm he
controls acquired 1,940 Orco shares on Feb. 2 at a price in a
7.83-7.85 euros range. [ID:nLDE71708I]
The parent company’s Paris-listed shares have jumped since
the announced sale of a Berlin property on Feb. 1 to stand at
their highest since October 2009.
(Reporting by Jason Hovet; Editing by Dan Lalor)
($1 = 0.7327 euro)