March 23, 2020 / 8:03 AM / in 5 days

BRIEF-Cpi Property To Reduce Overhead And Other Costs Due To Coronavirus

March 23 (Reuters) - CPI PROPERTY GROUP SA:

* UPDATE REGARDING THE IMPACT OF COVID-19

* SAYS WELL-PREPARED FOR CHALLENGES AHEAD

* IS TAKING ACTIONS TO REDUCE OVERHEAD AND OTHER COSTS, INCLUDING EMPLOYEE HEADCOUNT AND REMUNERATION WHEREVER FEASIBLE

* CAPITAL EXPENDITURE AND DEVELOPMENT PLANS ARE BEING REASSESSED AND REPRIORITIZED

* GROUP’S OFFICE ACQUISITION PIPELINE IN WARSAW IS SUBSTANTIALLY COMPLETE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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