“In light of strong demand, the amount of capital to be raised was increased to ZAR2.0 billion (approximately €130 million). At this level, the book was significantly oversubscribed. The new NEPI shares to be issued pursuant to the book build process conducted on the JSE have been priced at ZAR135 per share, a 1.0% discount to the 30-day volume weighted average price and a 4.5% discount to the previous closing price as at Friday, 2 October 2015,” NEPI said in a statement Monday.
Monday morning, NEPI announced a share capital hike for raising ZAR1 billion (EUR65 million), from Johannesburg Stock Exchange (South Africa). The company is also listed on Bucharest Stock Exchange.
NEPI announced in August that it bought Auchan Titan Shopping Center from Germany’s Aberdeen Asset Management in a EUR86 million deal.
The shopping center is located in the Titan district in eastern Bucharest, has a gross lettable area of about 45,000 square meters and is anchored by Auchan Titan, the top performer of the French-held hypermarket network in Romania.
NEPI is one of the main players on the local market, managing shopping centers such as Mall Promenada, Vulcan Value Centre, CityPark Constanta, Ploiesti Shopping City, Braila Mall, Galati Shopping City, Shopping City Targu Jiu and other shopping centers in Romania , as well as in Serbia and Slovakia.
NEPI also owns office buildings Floreasca Business Park, The LakeView in Bucharest, City Business Centre in Timisoara and The Office in Cluj.