Start News Preos Real Estate AG

Preos Real Estate AG

943
0
Free-Photos / Pixabay

The dismissal of the Chief Financial Officer Frederik Christian Mehlitz (53) at the Leipzig office real estate asset manager publity AG as of 31 August 2018 should have happened only pro forma.

As GoMoPa learned from well-informed circles, publity AG’s majority shareholder and CEO Thomas Olek (50) from Frankfurt needs his former CFO Mehlitz for more pressing tasks.

In the publity press release it said only:

Quote:

To take on another leadership position in real estate.

According to GoMoPa information, Mehlitz is to finish what Olek started, but now can no longer do it credibly: Bring (or at least announce) another real estate portfolio baby from him, leaving Olek in the background as in the past cheap can get in and in the hype on a potential IPO its shares can be expensive to bring financial family & friends to the man or woman.

Olek had been adviser to the Saxon Landesbank for four years when he founded publity AG 19 years ago at Landsteinerstraße 6 in Leipzig. Publishing was until 2003 a subsidiary of Sachsen LB, which was later rescued from ruin by a distress sale to Landesbank Baden-Württemberg.

Olek successfully launched publity AG in April 2018 on the stock exchange.

However, due to private transactions surrounding the IPO of this publity AG in April 2015, Olek is quite burned on the Frankfurt Stock Exchange. Although he publicly promised the Bavarian board week that such a thing will never happen again.

But BaFin naturally knows no mercy in market manipulation. She has initiated a preliminary investigation against Olek, as GoMoPa reported. Market manipulation is punishable in the Criminal Code with up to five years imprisonment without parole.

Therefore, Olek has taken the still unburned Mehlitz into the public line of fire and himself out of the line of fire.

With full-bodied promises of a planned IPO for the year 2018, which has since been postponed to next year, Olek is to end of last year until recently with institutional investors for pre-IPO investments in the newly founded company PREOS Real Estate AG and its ten subsidiaries at the publity- Seat in Landsteinerstraße 6 in Leipzig.

Olek had obviously thought in large dimensions and founded in February 2018 for his future newcomer novice equal ten holding companies to make the PREOS Real Estate AG strong for the IPO.

But now PREOS Real Estate AG has become just one PREOS Real Estate GmbH.

On July 23, 2018, Olek handed over the managing director position of all ten PREOS 1 to 10 holding companies GmbHs to Frederik Christian Mehlitz.

He himself resigned on July 26, 2018 from all executive positions at these companies.

On September 4, 2018 Frederik Christian Mehlitz became CEO of PREOS Real Estate AG.

On October 2, 2018, another board was appointed who, like Mehlitz, has no stock market investigations: a Libor Vincent (50) from Bad Soden in Hesse. At the same time, he was also appointed co-managing director for seven of the ten associated companies: PREOS 2, 3, 4, 7, 8, 9 and 10 Beteiligungsgesellschaft GmbH.

Finally, on October 4, 2018, Thomas Olek resigned from the Executive Board of PREOS Real Estate AG.

It is questionable whether the IPO of the former PREOS Real Estate AG can be rescued with simple changes of the board of directors and managing directors.

But the IPO did not really matter in his previous stock market satellites. The thick private business Olek has ever done before with the premarket trade: