GTC to raise PLN 0.5 bln from the market
Investment & financeschedule 09 September 2015
CEE REGION Warsaw-listed developer GTC plans on issuing over 108 mln Series K shares potenitally worth app. PLN 590 mln in total. The company’s prospectus has been already approved by the Securities Commission and publicized.
"Funds from the capital increase will strengthen our balance sheet and will be used to finance the company’s growth through acquisition of value-added assets, development of selected projects in our core markets and seizing opportunities that will enhance the company’s value,” said Thomas Kurzmann, GTC's CEO. “Lone Star, our majority shareholder, informed us that they support our strategy and will participate in the share issue pro-rata to its holding, which gives us a lo
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