The SPI index fell by 0.22% to 15,567.40 points on Friday, with a market capitalization of €2.094 trillion. It has decreased by 0.336% this week and is down from 16,096.21 points a month ago, though it has risen 6.85% since the start of the year. Top performers include Pierer Mobility (+21.49%) and Banque Cantonale du Jura (+4.85%), while Peach Property Group saw the largest decline at -33.41%.
novavest real estate faces board shakeup amid shareholder discontent over stock performance
Novavest Real Estate's largest shareholder, holding a 15.24% stake, is pushing for the removal of three board members due to unsatisfactory share price performance and a loss of confidence in management. Proposed replacements include experienced figures from the financial and real estate sectors, aiming to enhance corporate governance and protect shareholder interests. The board is currently reviewing the demand and will respond accordingly.
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