VIENNA, June 16 Rebel investor Alexander
Proschofsky has filed suit in a bid to overturn his narrow
failure last month to join the administrative board of Austrian
property group Conwert, which he wants to shake up.
He said his Cube Invest vehicle asked the Commercial Court
in Vienna to nullify resolutions passed at a turbulent Conwert
annual meeting on May 7.
"A success of Cube's legal action will immediately result in
the retroactive appointment of Peter Hohlbein and Alexander
Proschofsky as of May 7, 2014 - a repetition of the annual
general meeting will not even be required," a statement said.
Hohlbein is a Berlin property consultant and Proschofsky
ally who also lost his bid for a board seat to the company's
Conwert believes that the election result was legal, a
company spokesman said.
Proschofsky had promised to mitigate the influence of major
Conwert shareholder Hans Peter Haselsteiner, a powerful
industrialist, and bring more transparency to the company, which
has been through upheavals in its portfolio and personnel.
(Reporting by Angelika Gruber and Michael Shields, editing by