CPI Property Group Announces Changes in Shareholding and Board

CPI Property Group (CPIPG), based in Luxembourg, has revealed significant changes in its shareholding structure and board of directors. Apollo Global Management sold its entire 3.04% stake in CPIPG to a private investment group from the CEE region. Consequently, Tim Scoble stepped down from his role as Apollo's representative on CPIPG’s board.

Edward Hughes, Chairman of CPIPG, expressed gratitude towards Tim Scoble for his contributions. CPIPG acknowledged the support from Apollo during its transformational growth phase and remains open to future collaboration.

Additionally, CPIPG's board adjusted its distribution policy, capping annual shareholder distributions via buybacks at 50% of the previous year's FFO1, down from the previous 65%. A decision on the next distribution will be made in early 2026.