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Corem Property Group AB Class A ( ($SE:CORE.A) ) just unveiled an update.
Corem Property Group has announced a directed issue of ordinary shares of Class B, raising approximately SEK 939 million before transaction costs. This move, involving an accelerated book-building procedure, aims to strengthen the company’s financial capacity. The issue is split into two tranches, with the first targeting Swedish and international institutional investors, and the second directed at its largest shareholder, M2 Asset Management AB. The subscription price reflects a discount based on recent trading prices, and the initiative is part of Corem’s strategy to enhance its financial stability and market positioning.
More about Corem Property Group AB Class A
Corem Property Group is a real estate company that sustainably owns, manages, and develops commercial properties in urban and growth areas. It is listed on Nasdaq Stockholm, Large Cap.
Average Trading Volume: 6,672
Current Market Cap: SEK7.86B
See more data about CORE.A stock on TipRanks’ Stock Analysis page.