Itacare Capital Investments began trading on the Alternative Investment Market (AIM) of London Stock Exchange on Wednesday, having raised EUR 56 mln in its IPO to fund development of beachfront villas in Bahai, Brazil. Itacare is a limited liability, closed-ended real estate company incorporated in the British Virgin Islands.
Itacare Capital Investments began trading on the Alternative Investment Market (AIM) of London Stock Exchange on Wednesday, having raised EUR 56 mln in its IPO to fund development of beachfront villas in Bahai, Brazil. Itacare is a limited liability, closed-ended real estate company incorporated in the British Virgin Islands.
Separately, Pactolus Hungarian Property, another AIM-listed residential developer, said that it has placed about five million new ordinary shares at a price of 60 pence per share. It is expected the shares, which have the same standing as the company's existing shares, will commence on June 4, 2007.