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Peach Property Group AG ( (CH:PEAN) ) just unveiled an update.
Peach Property Group AG has successfully completed a capital increase, raising approximately CHF 50 million through the issuance of nearly 10 million new shares. The proceeds will be used primarily to repay a convertible bond, thereby strengthening the company’s capital structure and reducing its debt ratio. The company is also progressing with plans to refinance a corporate bond maturing in November 2025, with promising discussions underway with a financing partner. This capital increase reflects strong shareholder confidence and provides Peach Property Group with the financial flexibility needed to continue its transformation and focus on core business operations.
The most recent analyst rating on (CH:PEAN) stock is a Buy with a CHF7.95 price target. To see the full list of analyst forecasts on Peach Property Group AG stock, see the CH:PEAN Stock Forecast page.
More about Peach Property Group AG
Peach Property Group AG is a property investor focused on residential investments in Germany, with a portfolio comprising high-yield properties in German Tier II cities near major metropolitan areas. The company also develops properties in Switzerland for sale as condominiums. Headquartered in Zurich and Cologne, Peach Property Group is listed on the SIX Swiss Exchange and emphasizes digitalization and sustainability in its operations.
Average Trading Volume: 51,447
Current Market Cap: CHF327.7M
For a thorough assessment of PEAN stock, go to TipRanks’ Stock Analysis page.