IVG Immobilien announced on Wednesday that it had successfully placed 10 million ordinary bearer shares with qualified investors as part of an accelerated bookbuilding process. The shares are priced at EUR 7.20 each, generating gross proceeds of EUR 72 mln.
IVG Immobilien announced on Wednesday that it had successfully placed 10 million ordinary bearer shares with qualified investors as part of an accelerated bookbuilding process. The shares are priced at EUR 7.20 each, generating gross proceeds of EUR 72 mln.
Germany's largest listed real estate group increased its share capital from EUR 116 mln to EUR 126 mln, having partially used its authorized capital and excluded the subscription rights of shareholders.
The proceeds will finance further growth of the company through selected real estate investments which have already been identified.
Gerhard Niesslein, CEO of IVG, said: 'This is further proof of the trust which our old and new shareholders have in the strategic reorientation of IVG.'
