Petrus Pushes for Talks on Immofinanz’s ‘Strategic Alternatives’

Petrus Advisers Ltd., an activist investor that built up a stake in Austrian landlord Immofinanz AG, is pushing to hold talks about “strategic alternatives” for the company with its main shareholder.

Petrus founder Klaus Umek, who spoke with reporters on Monday, said negotiations should begin with CPI Property Group SA. Potential options may include a spin-off, asset sales or reorganization, he said. The stock, which currently trades at €22.25, may be worth as much as €31 by next year, according to Umek.

CPI Property Group, owned by Czech billionaire Radovan Vitek, has been streamlining ...