Vienna-based Warimpex Finanz und Beteiligungs plans to raise EUR 130 mln through the sale of 10 million shares at a price between EUR 8.5 and EUR 13 per share. The offer comprises six million new shares and four million existing shares, including an over allotment option of one million shares, the hotel property investor said in a statement. The move is aimed at he;ping expansion into eastern Europe.
Vienna-based Warimpex Finanz und Beteiligungs plans to raise EUR 130 mln through the sale of 10 million shares at a price between EUR 8.5 and EUR 13 per share. The offer comprises six million new shares and four million existing shares, including an over allotment option of one million shares, the hotel property investor said in a statement. The move is aimed at he;ping expansion into eastern Europe.
Warimpex owns 11 luxury and business hotels in Poland, the Czech Republic, and Hungary. The company is looking at other countries in Eastern Europe, and plans to move into markets such as Slovakia's, Romania's, Russia's, and Ukraine's. Warimpex's shares will be listed in Warsaw and in Vienna as of January 26, researchers at merchant bank Kempen & Co said.