Orco Property Group's CEO Jean-Francois Ott has seen his personal stake in the company he founded slashed from 10% to 1.6%. Ott said in a statement on Tuesday that the bank that financed his investment vehicle, Ott & Co., was forced to sell Orco shares after a steep fall in the property group's shares.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
