Sponda to finance Kapiteeli takeover with share issue

By A staff reporter 2007-01-05T00:00:00

Helsinki-based property group Sponda intends to raise up to EUR 250 mln through a share issue to finance the acquisition of the Finnish real estate investment company Kapiteeli. The transaction in mid-December 2006 doubled Sponda's real estate portfolio to about 2 million m[sup]2[/sup] of total leasable area across Finland.

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