Xior drops after fund ESHF 2 Holding places shares

Xior Student Housing NV

04/04/2023 08:41

** Shares in real estate company Xior Student Housing
 XIOR.BR  drop more than 5% after fund ESHF 2 Holding's shares
placement to institutional investors via an accelerated
bookbuilding
    ** Shares were placed at EUR 28.6/share, a discount of 6.8%
to Monday's closing price of EUR 30.7
    ** Stock heads for its biggest single-day drop in half a
year
    ** KBC Securities notes the news comes after Xior's
announcement of the postponement of the Basecamp deal due to
regulatory reasons
    ** "Important is that this is merely a delay due to
regulatory reasons and not a cancellation. The postponement has
no impact on Xior's guidance" - KBC

 (Reporting by Piotr Lipinski)
 ((piotr.lipinski@tr.com))