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VNA Vonovia SE

28.15
0.71 (2.59%)
03 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Vonovia SE TG:VNA Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.71 2.59% 28.15 28.10 28.19 28.24 27.17 27.48 236,244 22:50:03

Vonovia Launches Cash Capital Increase, Targeting Around EUR1 Billion

03/09/2020 5:28pm

Dow Jones News


Vonovia (TG:VNA)
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From May 2019 to May 2024

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   By Mauro Orru 
 

Vonovia SE said Thursday that it has launched a cash capital increase through accelerated bookbuilding, with a target of around 1 billion euros ($1.19 billion).

The German real-estate company said net proceeds would be used to repay debt due in the fourth quarter of the year, with remaining funds going toward growth opportunities.

The company said its management board would determine the final number of shares to be issued after the accelerated bookbuilding process.

Vonovia expects the new shares will be admitted to trading without a prospectus on Sept. 11, it said.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

September 03, 2020 12:13 ET (16:13 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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