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14 December 2017
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Befimmo raises €166m in rights issue

25 June 09 - RE+D Magazine

COMPANIES

Savills

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group

Listed Belgian property company Befimmo said its rights issue which closed on 22 June had been fully subscribed, generating the targeted gross proceeds of some €166.6 mln which will be used to bolster its financial position.

Befimmo said the success of the issue was 'a measure of the trust of its shareholders, existing and new, in the implementation of its strategy, especially in an uncertain economic context.'

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