New Europe Property Investments, a property investment company incorporated in the Isle of Man, began trading on London Stock Exchange's junior Alternative Investment Market (AIM) on Wednesday. The company, which will initially focus on Romania, raised almost EUR 26 mln in its IPO. Under the terms of the placing, a number of investors have agreed to subscribe to an option to acquire further shares. This gives NEPI combined capital commitments of almost EUR 54 mln. Smith & Williamson Corporate Finance is the nominated adviser and broker.
New Europe Property Investments, a property investment company incorporated in the Isle of Man, began trading on London Stock Exchange's junior Alternative Investment Market (AIM) on Wednesday. The company, which will initially focus on Romania, raised almost EUR 26 mln in its IPO. Under the terms of the placing, a number of investors have agreed to subscribe to an option to acquire further shares. This gives NEPI combined capital commitments of almost EUR 54 mln. Smith & Williamson Corporate Finance is the nominated adviser and broker.
