Listed Belgian developer Aedifica announced plans on Wednesday to raise €460 mln of fresh equity through a capital increase.
In a stock market announcement, Aedifica said that it will offer a maximum of 5.5 million shares at an issue price of €83.50 apiece, representing a discount of 13.7% compared to the closing price on the day prior to the announcement.
The offer period runs for a week from Thursday 15 October up to Thursday 22 October.
Proceeds from the issue will be used to repay €97 mln of a bridge facility established to finance the acquisition of Finnish peer Hoivatilat earlier this year as well as to fund the existing development pipeline and to strengthen its balance sheet structure in order to pursue its growth strategy through new developments and acquisitions in the European healthcare real estate market.
