PropertyEU

Pehac raises EUR 115m in Amsterdam's IPO

By A staff reporter 2007-07-20T00:00:00

Pan-European Hotel Acquisition Company (Pehac), a Dutch company set up to buy medium-sized hotels in major Western European cities and aimed at improving the hotels' operations, was listed Thursday on the Amsterdam market of NYSE Euronext. Pehac offered some 14 million new shares and warrants at a price of EUR ...

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