Globe Trade Center (GTC) raised EUR 123 million through the issue of new O-series shares, the company said. These funds will be used to strengthen the group’s capital structure and finance further growth.
The transaction took place under an accelerated book-building formula, which began on Tuesday, December 14 and ended on Thursday, December 16. During these two days, numerous Polish and foreign investors declared their demand for the shares, far exceeding the basic issue of 55 Due to the high demand, the company decided to expand the offering by more than 60% and finally sold 88.7 million shares at PLN 6.4 per share, acquiring approximately EUR 123 million, which will be used to strengthen the group’s capital structure and financing for further growth.
“The proceeds from this very successful capital increase, together with the proceeds from the sale of the portfolio in Serbia, will allow us to strengthen our capital structure, reduce LTV, but also finance future growth. We are very pleased with the results of this process. I would like to congratulate the entire team working on the transaction. and thank them for their efforts,” said CFO Ariel Ferstman.
Source: GTC and ISBnews
