German real estate Adler buys 24.8 percent shares in Austrian developer Conwert from Teddy Sagi

Teddy Sagi

German real estate company Adler said on Monday it has acquired the entirety of the shares in MountainPeak Trading Limited, a holding company owned by billionaire Teddy Sagi,  for 285 million euros ($316 million.)

 

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MountainPeak holds 24.79 percent in conwert Immobilien Invest SE, Vienna, one of the leading real estate companies with participation in both residential and commercial property portfolios in Austria and in Germany.

The Israeli entrepreneur Sagi had acquired the stake and became the company’s biggest shareholder in May.

The Vienna-based company owner of about 27, 000 homes in Austria and Germany reported losses for two of the past three years as property-sale proceeds slumped and financing costs rose. Adler’s decision to issue the convertible bonds is subject to approval of its shareholders, Bloomberg report.

Conwert was up 2.4 percent in Vienna trading at 11.31 euros as of 4:10 p.m. Adler gained 2.3 percent to 14.34 euros.

 

Playtech has confirmed the launch

of its first omni-channel HTML5

front-end solution with Ladbrokes.

Designed to boost sportsbook performance

and optimisation capabilities, the new

Playtech Sports HTML5 solution More…

Teddy Sagi PR

Teddy Sagi’s Market Tech Holdings

(AIM: MKT),  the owner of London’s

Camden Market, has raised $311 million

(£200 million) on London’s AIM. Sagi’s

company has raised $642 million in

six More…

Emanuel-Kronitz-and-Negev-Nosatzki

Playtech Cyprus Ltd. (LSE:PTEC),

controlled by Teddy Sagi, announced

that its subsidiary TradeFX will buy

Israeli company Ava Trade for $105 million.

Founded in 2006 by CEO Emanuel Kronitz

and CMO Negev Nosatzki ,  More…

Teddy Sagi

Teddy Sagi’s SafeCharge International

(LSE: SCH), a global provider of payment

services for online and mobile businesses

since 2007, has won two prestigious awards

for the categories Payments More…

Teddy Sagi PR

Israeli billionaire Teddy Sagi‘s Playtech

Plc acquires retail forex trading company

Plus500 for about $670 million, in cash,

a price way below its $1.31 billion pre-crisis

value. Israel-based but London-listed More…

Teddy Sagi PR

Media reports have revealed that Israeli

billionaire Teddy Sagi‘s Playtech has bought

the currency trading platform AvaTrade,

this according to a source with knowledge

of the deal. According to Reuters, the More…

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