Fundamenta Real Estate AG completes capital increase
Fundamenta Real Estate AG has sold more than 5 million new shares. As a result, she was able to generate CHF 88.5 million net.
Fundamenta Real Estate AG placed 5,010,472 new shares on the stock exchange as part of a capital increase. The existing shareholders exercised their subscription rights. They acquired the shares at a price of CHF 18.35 each. As a result, the Zug-based real estate company took in CHF 88.5 million and was able to successfully complete its capital increase to the maximum extent, according to a media release .
The company intends to invest the proceeds in new and modernization of existing properties and to use them to consolidate the balance sheet structure.
The first trading day for the new shares and the delivery of the shares against payment of the subscription and placement price is scheduled for April 27, 2021.
Zürcher Kantonalbank acted as lead manager of the transaction and Luzerner Kantonalbank acted as co-lead manager. Fundamenta Group AG was responsible for project management and the placement of the shares.