Austria’s Immofinanz to launch $1.2 bln cap hike
July 23rd, 2007 by Ines
VIENNA, April 21 (Reuters) - Austrian real estate firm Immofinanz Immobilien Anlagen (IMFI.VI: Quote, Profile, Research) will launch its planned 1 billion euro ($1.23 billion) share issue on Monday to raise funds for the expansion of its business, it said on Friday.
Immofinanz will issue up to 111.9 million new shares at a maximum price of 9 euros each, it said. Existing shareholders have the right to buy one new share for every three they own. The subscription period starts on Monday and expires May 15.
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