NEPI gets about 100 mln euro through a book build

New Europe Property Investment has run an equity raising of approximately 100 million euro through an accelerated book build on the Johannesburg Stock Exchange, funds which will be used to finance three recently announced acquisitions - Aurora Shopping Mall and Alba Iulia Strip Mall in Romania in Romania and Kragujevac Plaza Shopping Mall in Serbia, as well as future development and extension pipeline, along with possible further acquisitions.

The South African investment group’s targeted amount in the book build which was significantly oversubscribed, was 80 million euro, therefore, due to strong demand, the amount of capital to be raised was increased to 100 million euro, states an informing sent to the Bucharest Stock Exchange.

Pursuant to the book build process, a total of 13,640,777 new shares, priced at 7.35 euro per share (ZAR 103/ share) are expected be issued and listed on October 29, 2014.

Macquarie First South Capital Proprietary Limited and Java Capital are acting as joint bookrunners and joint lead managers for the equity raise.