November 23, 2017

NEPI to attract EUR 35 M for three potential investments

The South-African fund New Europe Property Investments (NEPI) wants to attract EUR 35 M through a capital increase operation, for three potential acquisitions that include a commercial centre in Romania. According to a communiqué sent by NEPI to the Bucharest Stock Exchange (BVB), the capital increase started yesterday, as the shares will be sold through and accelerated book build, with the results of the operation due to be announced by today most likely. The acquisitions, with a total gross market value of EUR 170 M, include a commercial centre in Romania with development potential in an important town, a land for the development of a new regional commercial centre and a participation in a commercial centre situated in an East-European capital.

Source: Nine o’clock (read more)

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