Czech billionaire property developer Radovan Vítek will fold his CPI Group into Germany’s GSG Group in exchange for shares that will boost his stake in the company to 85%, the German business said in a statement.
![](https://praguemonitor.com/wp-content/uploads/2023/11/f-meyqwiaai6ru-3-300x300.jpg)
Czech billionaire property developer Radovan Vítek will fold his CPI Group into Germany’s GSG Group in exchange for shares that will boost his stake in the company to 85%, the German business said in a statement.
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