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An update from Fundamenta Real Estate AG ( (CH:FREN) ) is now available.
Fundamenta Real Estate AG has announced a capital increase with a target volume of CHF 50 million, potentially rising to CHF 73 million, to finance investments in its project pipeline and strengthen its equity base. The capital increase involves issuing up to 4,294,690 new shares, with secured commitments of CHF 41.9 million from investors, and aims to enhance the company’s flexibility for targeted acquisitions.
More about Fundamenta Real Estate AG
Fundamenta Real Estate AG is a real estate company listed on the SIX Swiss Exchange, focusing on residential properties in German-speaking Switzerland. The company aims to create sustainable value for investors by offering marketable spaces with minimal environmental impact, leveraging an interdisciplinary team and integral asset management approach.
Average Trading Volume: 10,450
Technical Sentiment Signal: Buy
Current Market Cap: CHF529.1M
For an in-depth examination of FREN stock, go to TipRanks’ Overview page.