Instone attracts high take-up in €182m rights offer

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By Aidan Gregory
15 Sep 2020

Instone Real Estate, the German residential property developer, has found strong support for its €182m rights issue, which it announced in August to fund an acceleration of its growth strategy.

The four for 15 rights issue was 98.5% subscribed, Instone said in a regulatory filing on Monday. The remaining shares will be dribbled out into the market over the next few trading days, a source familiar with the matter said.

According to two sources close to the transaction, ...

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