IVG raises EUR 145m for cavern business

By A staff reporter 2011-12-15T00:00:00+00:00

German listed property company IVG has raised EUR 145 mln from a share issue. The proceeds are to be re-invested in the company's oil and gas cavern

German listed property company IVG has raised EUR 145 mln from a share issue. The proceeds are to be re-invested in the company's oil and gas cavern
business.

In total 69.3 million new shares were placed at EUR 2.10 per share.

Berenberg Bank, Commerzbank Aktiengesellschaft and UBS acted as joint global coordinators in this transaction. Together with UniCredit Bank the consortium acted as joint bookrunners.