ADVERTISEMENT

Plaza Centers raises £154 mln in initial share sale

Deals

Plaza aims to build as many as five malls a year, primarily in central and eastern Europe and India.

Plaza Centers BV, a unit of Elbit Medical Imaging Ltd. that develops shopping malls in eastern Europe, raised £154 million (€230 million) in an initial public offering. Plaza, registered in Amsterdam, sold 85.7 million new shares at 180 pence apiece, the mid-point of the range it was targeting, the company said in a Regulatory News Service statement today. The offering values Plaza at about £514 million. Plaza aims to build as many as five malls a year, primarily in central and eastern Europe and India.

Plaza is already developing 10 sites for retail or leisure purposes in the Czech Republic, Hungary, Latvia and Poland. It has sold previous properties to Klepierre SA and Dawnay Day Group. The shares are due to begin trading in London today. UBS AG, which managed the IPO, has an option to increase the sale by 10% over coming weeks. (Bloomberg)

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.