Luxembourg-based real estate investor Aroundtown SA privately placed 95 million new shares at a fixed price of €6.38 apiece to raise gross proceeds of €606.1 million.
The offering is set to raise the company's total share capital by €950,000 to roughly €10.4 million from approximately €9.5 million.
The new shares were offered to institutional investors and net proceeds from the placement will be used to finance Aroundtown's growth strategy.
