After more than 20 years of productive cooperation with Granit Polus, Peter Munk has sold his stake in the Group. According to the new ownership structure, Sándor Demján and the Board remain the majority owners of the Group. Meanwhile, Sándor Csányi preserves his minority stake.
The transaction is in line with the Group's consolidation program initiated two years ago and follows Immofinanz deal from 2015.
Peter Munk has joined the Group as the president and owner of TrizecHahn. The partnership spans across five countries in the CEE region and is responsible for accomplishing more than 20 successful projects.
The deal is believed to be a crucial step towards boosting Group's decision-making ability with regards to large-scale developments.
