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SRC-Scharff Research und Consulting GmbH Klingerstr. 23 60313 Frankfurt, Germany http://www.src-research.de
Contact Mr Stefan Scharff +49 69 40031380
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SRC-Scharff Research und Consulting GmbH

conwert management does fully right to refuse hostile action of Adler

MountainPeak to gain control (Buy affirmed, target still 15 Euros)

(PresseBox) (Frankfurt, )
SRC Research the bank-independent analysts house for Financials and Real Estate stocks today presents a rating update about Vienna-based residential property player conwert Immobilien. The company has an approx. Euro 2.8bn portfolio. The major part of the portfolio is residential, about 75%.

Yesterday evening, the Austrian Blue Chip residential property player released an adhoc news that one of the shareholders, the Cyprus-based MountainPeak Trading Limited, a subsidiary of German Adler Real Estate AG, requested an extraordinary shareholder meeting. The targeted agenda for this extraordinary meeting is the suspension of three members of the administrative board, including the chairman Barry Gilbertson.
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