Fundamenta Real Estate begins bookbuilding for move to SIX Swiss
Fundamenta Real Estate, the Swiss housing developer, has fixed the terms for its Sfr91.5m re-IPO on the SIX Swiss Exchange, which is expected to value the company at Sfr375m.
Zuercher Kantonalbank is bookrunner.
Fundamenta has set the offer price in the capital increase at Sfr14.50, a 2.5% discount to the theoretical ex-rights price. Existing shareholders in the company are entitled to subscribe for one new share for every three they own.Any shares that are not subscribed ...