Brief: Eurocommercial Properties agrees Italian acquisitions and launches equity offering

Eurocommercial Properties NV

18/05/2015 16:44

May 18 (Reuters) - Eurocommercial Properties Nv  SIPFc.AS  
    * Agrees Italian retail acquisitions and launches 
accelerated equity offering 
    * Will acquire a 50 pct share of the Milan region centre's 
gallery, together with an adjoining retail park,  for a total 
price of 135 million euros  ($153.31 million) 
    * Intends to raise in the region of 170 million euros by 
launching a non-pre-emptive accelerated equity raising of up to 
4,330,000 new depositary receipts 
    * Purchase is expected to be finalised by the end of 2015 
    * Net proceeds of the offering will be used, together with 
current debt facilities, to finance Italian acquisitions 
 
Source text for Eikon: http://bit.ly/1HcAJoH 
Further company coverage:  SIPFc.AS  
 
($1 = 0.8806 euros) 
 
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