Mondura Liegenschaften, a German property company, has postponed selling shares in an IPO, according to a report in FT Deutschland which cites unidentified sources. The newspaper said that the company originally planned the IPO for the end of this year, but doesn't think it can raise what it needs in the current market climate.
Mondura Liegenschaften, a German property company, has postponed selling shares in an IPO, according to a report in FT Deutschland which cites unidentified sources. The newspaper said that the company originally planned the IPO for the end of this year, but doesn't think it can raise what it needs in the current market climate.
A residential real estate company in the German city of Frankenthal, Mondura describes its core competence as 'the comprehensive and fast privatization of housing properties'. Mondura has 63 employees and the company generated sales of EUR 57.1 mln in 2005. Last May, Mondura announced that it entered a strategic alliance with UK-based Europa Capital Partners.
