Brief: Grounds Real Estate Development Acquires Capstone Opportunities AG

Grounds Real Estate Development AG

16/07/2020 07:03

July 16 (Reuters) - GROUNDS REAL ESTATE DEVELOPMENT AG
 AMMn.DE :
    * ACQUIRES CAPSTONE OPPORTUNITIES AG, BERLIN, WITHIN THE
FRAMEWORK
OF A CAPITAL INCREASE AGAINST CONTRIBUTION IN KIND
    * 89.9% OF THE SHARES ARE ACQUIRED AGAINST THE ISSUE OF
2,700,000
NEW SHARES FROM AUTHORIZED CAPITAL
    * EXPANSION OF THE PROJECT DEVELOPMENT PORTFOLIO WITH A
TOTAL
INVESTMENT VOLUME (GIK) FROM EUR 104 MILLION TO OVER EUR 400
MILLION
    * THE REALIZATION OF THE PROJECTS WILL BE COMPLETED WITHIN
THE
NEXT 3 YEARS
    * SHARE CAPITAL OF THE GROUNDS WILL INCREASE BY EUR
2,700,000 TO
EUR 17,805,517

Source text for Eikon:  ID:nEQ79GlK5a 
Further company coverage:  AMMn.DE 

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