Deutsche Euroshop has announced its shareholders have exercised subscription and oversubscription rights for all 6.3 million new shares offered in a rights offering. The German retail real estate company said the gross proceeds of around EUR 123 mln will primarily be used to finance the acquisition of the A10 Center in Wildau, near Berlin, which was agreed in early-January 2010.
Deutsche Euroshop has announced its shareholders have exercised subscription and oversubscription rights for all 6.3 million new shares offered in a rights offering. The German retail real estate company said the gross proceeds of around EUR 123 mln will primarily be used to finance the acquisition of the A10 Center in Wildau, near Berlin, which was agreed in early-January 2010.
The co-lead managers for the transaction were Commerzbank Aktiengesellschaft and DZ Bank.
