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MURAPOLMurapol real estate prospectus approved by KNF watchdog
Real estate developer Murapol prospectus drawn up in connection with the public offering of series C1 shares and the intention to apply for admission to trading on the regulated market of series A1, A2, B, C1, C2 and D shares has been approved by Poland's financial watchdog KNF, KNF said in a press release.
As previously announced, the offer will be addressed to individual investors, selected institutional investors in Poland and foreign institutional investors outside the United States of America.
In connection with the offer, Murapol's majority shareholder, AEREF V PL Investment S.a r.l., an entity belonging to the funds managed by Real Estate Group's Ares Management, intends to sell shares representing up to 25 per cent of the share capital.
After consultation with the global coordinators, suppose the selling shareholder deems the investors' demand adequate. In that case, it may increase the number of shares on offer, but the offer will not cover more than 35 per cent of the share capital.
The developer announced on Monday that its IPO will include up to 14,280,000 existing shares. The maximum price for shares in the IPO has been set at PLN 35 (EUR 8.04).
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