Eurocastle tops up with €75m placing

15 May 2013

Eurocastle Investment, an Amsterdam-listed closed-ended investment company focused on European property, launched a €72.5m top-up placing on Thursday.

The company will sell 10m new shares, expanding its share capital by around 36.2%. The deal is expected to complete on May 30, with pricing announced the same day.

The shares closed at €7.25 on Wednesday, before the deal was announced. That is a 58.5% discount to the €17.47 ...

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