Klemurs has announced the successful placing of 6.8% of its shares, including the over allotment option, at a price of EUR 20 per share during a fixed-price offering on December 6. Demand was 9.4 times above the size of the offering, Klemurs, a subsidiary of French real estate group Klepierre, said in a statement.
Klemurs has announced the successful placing of 6.8% of its shares, including the over allotment option, at a price of EUR 20 per share during a fixed-price offering on December 6. Demand was 9.4 times above the size of the offering, Klemurs, a subsidiary of French real estate group Klepierre, said in a statement.
Trading of Klemurs' shares on Euronext Paris began on Friday, December 8. Settlement and delivery will take place on December 12. Based on the offer price and 8.25 million shares, the market capitalisation of Klemurs will be EUR 165 mln, the company said.
Klemurs' portfolio comprises a retail property leased by department store BHV in the 19th arrondissement (district) of Paris, a retail space leased to Truffaut in the 13th arrondissement and a group of stores in the north-western city of Rouen. It is also to act for Klepierre as the buyer of 129 Buffalo Grill restaurants before the end of the year.
