DEMIRE to issue 34.5 million new shares

DEMIRE to issue 34.5 million new shares

Published at: 2018-10-26 09:39 | Author: CIJEurope.com
DEMIRE Deutsche Mittelstand Real Estate is carrying out a capital raising exercise through the issuance of 34.5 million new shares in the company. They're to be offered to the company's existing shareholders at a price of €4.35 and a subscription ratio of 36:17 (meaning they can buy 17 shares for every 36 they own). The company's biggest shareholder, AEPF, which holds 49.58 percent has already agreed to acquire the full amount allowable, as well as any shares shares left over. As a result, DEMIRE is expect to generate gross proceeds of €150.1m through the capital increase.

Similar Stories:

Heta to exit Bosnia this year
Bosnia & Herzegovina  ♦  Heta to exit Bosnia this year
Heta Asset Resolution, the “bad bank” of Austria’s dissolved Hypo Alpe Adria, is pul  »
AIK acquires controlling stake in Gorenjska Banka
AIK Bank increased its stake in Gorenjska Banka and now holds a controlling 90.11 percent.  »
ASB Group appoints Petr Kopecký new Head of Czech Payroll Team
ASB Group has appointed Petr Kopecký as the head of its Czech Payroll Team, which he will  »
MLP Group reports net profit of nearly PLN 100m in 2018
MLP Group generated PLN 141.5m in revenue in 2018, up 36.3 percent from the previous year.  »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »
Lower prices means lower costs for manufacturers and carriers, and thus reduced product pr   »
The most important thing is client understanding. Quite simply, clients need a much greate   »