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Contacts:


Orco Paris office

25 rue Balzac
75406 Paris cedex 08
Tel: +33.1.40.67.67.00
Fax:+33.1.40.67.67.01
contact@orcogroup.com

Orco Prague office

Premyslovska 43
Prague 3, 130 00
Tel.: +420 221 416 311
Fax: +420 221 416 312

PROJETS RECHERCHE

Localisation: Type de Projet: Propriétaire: Nom du projet:

ORCO PROPERTY GROUP | Médias

Médias

ORCO PROPERTY GROUP ENVISAGE UNE AUGMENTATION DE CAPITAL ET UNE COTATION SUR LES MARCHES DE VARSOVIE ET BUDAPEST


Orco Property Group S.A., un des acteurs leaders de l’investissement immobilier et de la promotion résidentielle en Europe centrale, annonce aujourd’hui étudier la réalisation d’une augmentation de capital et la cotation de son action sur les bourses de Varsovie et Budapest en plus de celles de Paris et Prague.

ORCO envisage une augmentation de capital de l’ordre de 100 MEUR, le montant exact dépendra toutefois des conditions de marché. Le groupe souhaite utiliser les fonds levés à cette occasion pour financer la croissance de son portefeuille immobilier en Europe Centrale et de l’Est.

La cotation à Varsovie et Budapest a pour objectif d’attirer les investisseurs institutionnels de ces deux pays. La transaction incluera probablement une offre aux investisseurs internationaux.

L’opération devrait avoir lieu au cours du deuxième trimestre 2007, en fonction des conditions de marché et de l’approbation des autorités réglementaires.

Citigroup Global Markets Limited (“Citigroup”) et Wood & Co ont été retenus par ORCO en tant que conseils sur cette opération.

Si l’opération a lieu,ORCO sera la seule valeur étrangère cotée à Budapest.  En tenant compte de la capitalisation boursière estimée du groupe post opération,ORCO devrait satisfaire les critères d’admission des indices BUX en Hongrie et  WIG en Pologne.

ORCO restera cotée à Paris et Prague.  Si l’opération a lieu, ORCO sera la seule valeur à être cotée sur les trois principales bourses d’Europe Centrale (Prague, Budapest et Varsovie), trois pays dans lesquels le portefeuille d’ORCO est massivement investi. 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART TO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

This document does not constitute an invitation to sell or a solicitation of an offer to buy any securities in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such invitation under applicable securities laws.

The information contained herein is not for publication or distribution to persons in the United States of America. This information may not be sent in or into the United States of America. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the “Securities Act”), as amended, and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom.

This document is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Shares mentioned herein have not been, and will not be, registered under the Securities Act.

The securities may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act) except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

This document is only directed at persons outside the United Kingdom or person within the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) for the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”)) or other persons to whom it may lawfully be communicated in accordance with the Order. In the case of investment professionals, this document is directed at persons having professional experience in matters relating to investments and the investments and investment activity to which it relates will be engaged in only with such persons; persons who do not have professional experience in matters relating to investments should not rely on it.

This document is an advertisement for the purposes of the applicable measures implementing the Prospectus Directive 2003/71/EC (together with any applicable implementing measures in any European Economic Member State, the “Prospectus Directive”). A prospectus prepared pursuant to the Prospectus Directive is intended to be published, which, if published, can be obtained in accordance with applicable rules. Investors should not subscribe for any transferable securities referred to in this announcement except on the basis of information in the prospectus.

This communication is directed only at persons in member states of the European Economic Area who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive (“Qualified Investors”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Qualified Investors. Any person who is not a Qualified Investor should not act or rely on this communication or any of its contents.

These materials are only directed at persons within Luxembourg falling within the definition of qualified investors (“Investisseurs Qualifiés”) (as defined in Article 2 of the Law on Prospectuses for Securities of July 10, 2005 (the “Law”)) and at persons within the Czech Republic falling within the definition of qualified investors (as defined in Section 34(2) d) of Act No. 256/2004 Coll., on Conducting Business in the Capital Market, as amended (the “Czech CMA”) or other persons to whom it may lawfully be communicated in accordance with the Law and/or the Czech CMA.

A prospectus in the English language will be prepared for approval by the Commission de Surveillance du Secteur Financier in Luxembourg (the “CSSF”). The approved prospectus will be published in accordance with applicable legal regulations, in particular on the OPG’s website  (www.orcogroup.com). Such prospectus will include a section describing certain risk factors relating toORCO and the Offer. The approved prospectus will be the sole legally binding document containing information about OPG, the Offer and the Listings. For the needs of the Offer and the Listings as well the listings of Shares in Paris and Prague the CSSF will notify the respective supervisory authorities in each country pursuant to applicable legal regulations.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of OPG. You can identify forward-looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could”, “may” or “might” or other similar expressions. ORCO wishes to caution you that these statements are only predictions and that actual events or results may differ materially. ORCO does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of OPG, including risks specifically related toORCOand its operations.

This does not constitute a recommendation concerning the Offer. The value of shares can go down as well as up. Past performance is not a guide to future performance. Potential investors should consult a professional advisor as to the suitability of any offering for the individual concerned.


Contact persons:
Luc Leroi
Tel: + 352 26 47 67 47
E-mail: lleroi@orcogroup.com
City: Luxembourg

Arnaud Bricout
Tel: +33 1 40 67 67 00
E-mail: abricout@orcogroup.com
City: Paris

Aleš Vobruba
Tel: +42 02 21 416 311
E-mail: avobruba@orcogroup.com
City: Prague

 

Orco Property Group est un investisseur, promoteur et asset manager leader sur les marchés hôteliers et immobiliers en Europe Centrale avec un portefeuille estimé au 30 juin 2006 à plus de 1 milliard d’euros. Orco Property Group, société basée à Luxembourg, cotée sur Euronext et à la Bourse de Prague est active en Europe Centrale depuis 1991. Le portefeuille d’Orco Property Group comprend IPB Real, MaMaison Hotels & Apartements, Orco Real Estate et d’autres biens immobiliers. Orco Property Group est actif dans plusieurs pays dont la République Tchèque, la Hongrie, la Pologne, la Russie, la Croatie, l’Allemagne et la Slovaquie et analyse continuellement d’autres investissements dans de nouvelles régions. Orco Property Group est également le sponsor et le manager de The Endurance Real Estate Fund for Central Europe («Endurance Fund»), un fonds régulé à compartiment fermé de droit luxembourgeois dont le montant total de souscription représente à ce jour 141.6 million d’euros. Endurance Fund est axé sur des actifs immobiliers en Europe Centrale et dédié aux investisseurs institutionnels et qui contrôle un portefeuille d’actifs de 160 millions d’Euros, dont la valeur totale du portefeuille d’actifs après la souscription de l’ensemble des investisseurs est estimée à 500 millions d’euros.

IMPORTANT NOTICE

The information contained herein is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia). The information contained herein do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “Securities Act”).

The securities mentioned herein may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act) except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.