Baader Bank AG
Baader Bank successfully manages the capital increase of Corestate Capital Holding S.A. as joint bookrunner
DGAP-News: Baader Bank AG / Key word(s): Incoming Orders/Miscellaneous Baader Bank successfully manages the capital increase of Corestate Capital Holding S.A. as joint bookrunner Within the framework of an accelerated bookbuilding process, 996,318 new shares (representing about 7.9% of the previous capital stock) were placed with institutional investors within a few hours for a price of EUR 22.80 per share. The subscription right of previous shareholders was excluded. In the multiply oversubscribed transaction with an overall volume of EUR 22.7 million, Baader Bank encountered strong interest particularly among investors from Germany, Austria, and Switzerland, as well as the United Kingdom and Scandinavia. The Luxembourg real estate investment manager and co-investor Corestate Capital Holding S.A. intends to use the issue proceeds for “warehousing”, meaning the temporary acquisition of real estate for the purpose of converting it into investment products for clients.
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28.02.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Baader Bank AG |
Weihenstephaner Str. 4 | |
85716 Unterschleissheim | |
Germany | |
Phone: | +49 89 5150 1013 |
Fax: | +49 89 5150 29 1880 |
E-mail: | communications@baaderbank.de |
Internet: | www.baaderbank.de |
ISIN: | DE0005088108 |
WKN: | 508810 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange; Open Market in Frankfurt |
End of News | DGAP News Service |