Redport co-opts new shareholders and prepares for IPO

Redport Capital has decided to increase its share capital by co-opting new shareholders alongside the company's current investors. The private placement will bring in additional capital of up to EUR 5 million.

"The decision to expand the share capital reflects our commitment to strengthen Redport's position on the market and to respond to opportunities that bring long-term value. The step taken is based on both the success of our current projects and the size and complexity of those we have in mind for the coming period. We are committed to accelerating the implementation of ongoing works and diversifying the portfolio. Our strategy is based on a medium and long-term vision that includes, in the next stages, including the company's listing in 2027 on the main capital market," says Oriol Casellas, CFO of Redport.

Redport owns land in the New North of the Capital, the Străulești - Petrom City area, where it will develop over 2,000 apartments and 15,000 square meters of commercial space in the next five years. The company has in its portfolio the residential complexes The Level Apartments and Infinity Nord, located in the North area of the Capital, with a total investment estimated at over EUR 240 million.

Source: Profit.ro