Belgian listed property company Cofinimmo has unveiled plans for a €300 mln capital increase through the sale of new shares.
Belgian listed property company Cofinimmo has unveiled plans for a €300 mln capital increase through the sale of new shares.
Subject to regulatory approval and the backing of the board, Cofinimmo will carry out the public offer of new shares, with preferential subscription rights for current shareholders, over a 15-day period from 22 April to 6 May.
Cofinimmo, which has €3.2 bn of real estate under management, did not specify how it would deploy any funds raised but said it would provide 'practical details of the offer and other information' on 21 April.
BNP Paribas Fortis and KBC Securities will act as joint global coordinators and, with ING Belgium, as joint bookrunners for the offer.
