Corestate - Comments

The two previous largest shareholders, Passiva Participants Sarl and Aggregate Holdings 2 SA, who held 19.7% and 7.4% respectively in Corestate, have reduced their shareholdings to zero. The buyers of the stake are reportedly to be Kart Ehlerding and Stavros Efremidis or companies associated with them.

Karl Ehlerding was the largest shareholder in Godewind, a property Company IPO’d in April 2018 and was acquired by Covivio SA (the French real estate Group) in February 2020.

Stavros Efemidis was the CEO and 12% shareholder of Godewind and exited the business in Feb 2020 after the acquisition.