Brief: WCM buys retail asset through issuance of a mandatory convertible

WCM Beteiligungs und Grundbesitz AG

20/02/2017 06:30

Feb 20 (Reuters) - WCM Beteiligungs und Grundbesitz AG  WCMKk.DE : 
    * Acquires retail asset through issuance of a mandatory convertible above NAV and current 
stock-market price 
    * Purchase price is financed amongst others, through a mandatory convertible with a 
conversion price of 2.90 euros ($3.08) per share 
    * Acquisition of a retail centre with rental space of around 12,300 square metres 
 
Source text for Eikon:  ID:nEQ6n4vt1  
Further company coverage:  WCMKk.DE  
 
($1 = 0.9429 euros) 
 
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