Aedifica back in the market with €459m rights issue

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By Sam Kerr
14 Oct 2020

Aedifica, the Belgian healthcare real estate investment company, which owns a portfolio of care homes, has launched a €459m rights issue to fund an acquisition and to grow its development pipeline. Sources close to the deal are confident that the cash call will be popular given investor demand for exposure to speciality real estate businesses.

BNP Paribas, JP Morgan and ING are global coordinators on the rights issue, which is not underwritten, as is the norm in Belgium. Belfius, KBC, Kempen and Société Générale are bookrunners.   

The company is selling up to 5.5m new shares at €83.50 a ...

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