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Arcona Property gets approval to list on Prague exchange

Arcona Property Fund NV received approval from the Prague Stock Exchange to list on the exchange.

The company plans to list in the "collective investment funds" segment, subject to regulatory approval from the Czech National Bank, which is expected to make a decision in January 2018.

Arcona is currently listed exclusively on Euronext Amsterdam and said listing on a bourse in the region where the fund's assets are situated is in line with management's aims to enhance the liquidity of the shares and to increase funding options for the portfolio.