Muddy Waters publishes short report about CPI Property Group

Cpi Property SA

21/11/2023 07:11

LONDON, Nov 21 (Reuters) - Short-selling hedge fund
Muddy Waters said on Tuesday it had taken out a short position
on the credit of German-listed commercial landlord CPI Property
Group  O5G.DE .
    In a report, the fund said CPI PG's controlling shareholder,
Radovan Vitek, had misstated the value of the company. The
report also said some income had been booked against real estate
properties that were in fact empty plots of land.
    The company did not immediately respond to a request for
comment. 
    CPI PG owns properties in Germany, the Czech Republic,
Poland and elsewhere in Central Eastern Europe.

 (Reporting by Nell Mackenzie; Editing by Amanda Cooper)
 ((Nell.Mackenzie@thomsonreuters.com; https://twitter.com/nellmooney;))