Closed-ended real estate investment company Eurocastle Investment Ltd. launched a tender offer for the repurchase of up to €40 million of its ordinary shares at €8.00 apiece.
Eurocastle will start a program to buy back shares listed on Euronext following the settlement of the tender offer, which is expected Aug. 6.
The repurchase will be carried out through ABN AMRO Bank NV as agent, on behalf of the company.
The tender offer will expire July 30 at 11:59 p.m. ET.