Orco founder sells most of his stake as shares plummet

By A staff reporter 2008-11-19T00:00:00

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 ...

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